Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 19/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI reached bearish territory after rejected by the boundary of neutral and bullish area. The technical signals are still indicating a potential to test low, however the correction wasn’t expected …

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Daily Virtual Steel Mill Report 19/04/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. Federal governor Raphael Bostic estimated the interest rate would maintain unchanged for a long period after the last hike in 2023. The Federal Reserve’s support for further interest rate hikes to cope with persistent inflation. The market has exaggerated concerns about economic recession. • …

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Iron Ore DCE September23 Daily Technical Review 18/04/22

Verdict- Neutral to bullish. DCE Sep23 contract rebounded for the second day, breakthrough the descending tunnel created last week. Hourly MACD maintained in bullish territory. CCI headed down to neutral area from bullish territory. Iron ore potentially test high in the next few sessions. In mid-run, iron ore potentially recover bullish if breakthrough 794.5- 803.0 …

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Daily Virtual Steel Mill Report 18/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. NAHB April index 45, last 44, est. 44. The improvement on the housing investment was contributed by the limited sources of second-hand houses on the market, as well as the lower mortgage rates, which stimulated the demand for new houses. • China Q1 GDP …

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