Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 16/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract created three consecutive growth during the past trading days. Hourly MACD widened in bullish territory. Hourly CCI entered bullish territory. Iron ore was testing the strength of the pressure on 883.0- 889.0 level, an effective breakthrough would suggest an entrance to bullish again. The first support …

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Daily Virtual Steel Mill Report 16/02/22

Market Verdict on Iron Ore： • Neutral.     Macro： • IEA predicted that the crude oil demand expected to increase 200 million barrels/day, reaching 101.9 million barrels/day. However the restriction of Russia supply and economy recovery globally potentially cause a shortage.   Iron Ore Key Indicators: • Platts62 $123.60, -0.15, MTD $124.32. The import …

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Freight and Commodity Podcast 15/02/23

The earthquake in Turkey and Syria caused significant damage to logistics, infrastructure, and loss of life. Questions were also raised about its impact on commodities. We look at freight, FFAs, ferrous complex, and oil and products.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/2JZSF1NMc80CrBoehmtN5i?si=Ja0G8_l_SWGMW6Vn7OPCMQ   Itunes –https://podcasts.apple.com/gb/podcast/episode-118-15-02-23/id1507094242?i=1000599753813  

Iron Ore DCE May23 Daily Technical Review 15/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract corrected the second high of February and then corrected. As expected the iron ore maintained rangebound between 840- 870 during most of time in February. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI potentially retreated to neutral area from bullish area. Technical …

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Daily Virtual Steel Mill Report 15/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • EU published winter report in 2023, increased the economic growth rates of EU and Euro Zone to 0.8% and 0.9%. • U.S. January CPI fell from 6.5% to 6.4%, created a 7-month drop, refreshed new low since October 2021, however higher than expected 6.2%. Core …

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