Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 23/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract slight corrected, maintained neutral during past few days as expected. The major trades ranged from 906.0 – 922.0 area. A breakdown on 900.0 would potentially reverse the mid-run bullish trend. Hourly CCI entered bearish territory. Hourly MACD deepened correction in bearish territory. Short-run technical were indicating …

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Daily Virtual Steel Mill Report 23/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. FOMC indicated that most of officials had saw the positive effect of slower hike. Thus, most of officials are voting for 25 bps hike. The U.S. Federal believed that the inflation risk was in general controllable.   Iron Ore Key Indicators: • Platts62 $130.60, …

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Freight and Commodity Podcast 22/02/23

Shipping and marine fuel journalist and content manager Erik Hoffmann from ENGINE Online is our guest speaker. He discusses the EU sanctions on refined Russian oil products, their impact on fuel oil, ESG’s impact on the physical bunker, alternative fuels in the shipping industry and much more.   Click Below to Listen:     Website …

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Iron Ore DCE May23 Daily Technical Review 22/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract maintained neutral after a big spike, as expected. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross in overbought area and accelerated the correction. Short-run signals were indicating a potential to test low in next few sessions. The first support is 900.0. The …

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