Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 14/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebounded during the day, as expected the iron ore maintained rangebound between 840- 860 during most of time in February. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI potentially enter bullish territory. Hourly MACD potentially create gold cross. The first support is …

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Daily Virtual Steel Mill Report 14/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • EU increase the growth rate of economy from 0.3% to 0.9%. At the same time, EU decreased the inflation expectation from 6.1% to 5.6% in 2023. EU indicated that Euro potentially had escaped technical recession.   Iron Ore Key Indicators: • Platts62 $121.85, …

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Iron Ore DCE May23 Daily Technical Review 13/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract retreated from high during the day, as expected failed to extend gains. Mid-run MACD(daily chart) indciated a 35-trading-day in bearish territory, which created a bearish divergence with previous upticking price. Hourly slow stochastic KD created dead cross in February 10th and maintained weak. The first support …

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Daily Virtual Steel Mill Report 13/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China January CPI up 2.1% on the year, lower than expected 2.3%, up 0.8% on the month, refreshed new high since January in 2021. China January PPI down 0.8% on the year, down 0.4% on the month.   Iron Ore Key Indicators: • Platts62 $126.10, …

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