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Tag archives: IO
Iron Ore DCE September23 Daily Technical Review 31/05/23
Verdict- Neutral to bullish. DCE Sep23 contract rebounded as expected yesterday. Hourly MACD created gold cross. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI rebound fast and approached mid-area. Short-run technical signals were indicating a sustainability on the current trend. First support 700.0. First resistance 733.0.
Daily Virtual Steel Mill Report 31/05/22
Market Verdict on Iron Ore: • Neutral. Macro: • China official manufacturing PMI 48.8, est. 49.5, last 49.2. • Fedwatch tools indicated that the probability of 25bps interest hike in June reached 63%. Iron Ore Key Indicators: • Platts62 $102.65, -1.80, MTD $105.16. The mid-grade interests dominate seaborne market yesterday. BHP sold fixed …
FIS Ferrous Weekly Report 30/05/23
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London Iron Ore Derivatives Report 30/05/23
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Singapore Iron Ore Derivatives Report 30/05/23
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Morning Steel and Scrap Report 30/05/23
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Iron Ore DCE September23 Daily Technical Review 30/05/23
Verdict- Neutral to bullish. DCE Sep23 contract corrected, however maintain neutral to bullish view in short-run as the low was standing above important support at 700.0. Hourly slow stochastic KD deepened correction after creating dead cross. Hourly CCI entered neutral area. First support 700.0. First resistance 733.0.
Daily Virtual Steel Mill Report 30/05/22
Market Verdict on Iron Ore: • Neutral. Macro: • Market expected that the new emerging potentially start interest cut this year. Iron Ore Key Indicators: • Platts62 $104.45, +2.00, MTD $105.29. The seaborne inquiries became active because of the recovery of import margins. MACF traded at $100.7, increased by near $7 compared to …
Iron Ore DCE September23 Daily Technical Review 29/05/23
Verdict- Neutral to bullish. DCE Sep23 contract rebounded during the trading day, which was also supported above 700.0 level. Hourly slow stochastic KD created a fast rebound and entered overbought area. Hourly MACD entered bullish territory. If a breakthrough on 733.0 would potentially accelerate the current upward movement. First support 700.0. First resistance 733.0.