Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 15/06/23

Verdict- Neutral. DCE Sep23 contract rebounded slightly during the trading day, a further breakthrough on 820.5 would potentially drive iron ore into a fast growing phase. Otherwise iron ore is expected to build a periodic roof area from 802.0 – 820.5. Hourly CCI fell out of bullish territory. Hourly MACD was flat during past 4-5 …

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Daily Virtual Steel Mill Report 15/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. lowered the unemployment rate expectation to 4.1%, est. 4.5%. U.S. PPI in May up 1.1%, refreshed new low since December 2020, est. 1.5%, last 2.3%. PPI down 0.3% on the month, est. down 0.1%, last increase 0.2%. • U.S. FOMC announced to maintain unchanged …

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Iron Ore DCE September23 Daily Technical Review 14/06/23

Verdict- Neutral. DCE Sep23 contract tested high and correct back. The contract was rejected below the important level at 812.5. Hourly slow stochastic KD created a dead cross below overbought area. The hourly MACD was neutral. Hourly CCI fell out of bullish territory. The next support was maintained at 781.0, which was a neckline area. …

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Daily Virtual Steel Mill Report 14/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. CPI annual rate up 4% in May, created an 11 month drop in a roll, refreshed new low since March 2021, est. 4.1%, last 4.9%. The market expected that the U.S. Federal would skip interest hike in June. • China central bank PBOC lowered …

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