Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 28/04/22

Verdict- Neutral. DCE Sep23 contract rebounded slightly as expected. However iron ore is expected to enter a quite week due to upcoming holidays next week. Hourly slow stochastics created two lower dead crosses in neutral area. Hourly CCI approached the boundary of bearish territory. Hourly MACD narrowed above 0 axis. First support 698.5. First resistance …

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Daily Virtual Steel Mill Report 28/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China NBS statistic indicated that Jan- Mar 2023 industrial profit amount above designated scale reached 151.67 million yuan, down 21.4% on the year. • U.S. Q1 GDP growth rate at 1.1%, lower than expected 2.0%.   Iron Ore Key Indicators: • Platts62 $106.05, -1.60, MTD …

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Iron Ore DCE September23 Daily Technical Review 27/04/22

Verdict- Neutral to bullish. DCE Sep23 contract opened high and corrected to lower level before closing. In general, iron ore still in a slow rebound structure. Iron ore could regain support fast unless a breakdown on 698.5. Hourly MACD maintained in bullish territory. Hourly CCI corrected after rejected by bullish area. However, iron ore movement …

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Daily Virtual Steel Mill Report 27/04/22

Market Verdict on Iron Ore： • Bullish.   Macro: • IEA said in its global electronic vehicle outlook that EV sales are expected to grow 35% on the year to 14 million units, accounted for 18% of the market value. The electronic power in automobile market estimated an equivalence to 5 million barrels of decrease …

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