Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 12/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract broke important resistance at 856.0. The contract was only 11.5 yuan from listed high. Hourly MACD widened in bullish territory. Hourly KD reached oversold area after two gold crosses created during the past two trading days. CCI entered bullish territory. Short-run signals were indicating potential to …

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Daily Virtual Steel Mill Report 12/01/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China National Bureau of Statistics: China PPI in December down 0.7% on the year, down 0.5% on the month. CPI up 1.8% in December, flat from last month. • China’s regulatory authorities have preliminarily determined the list of high-quality developers to implement the “Balance Sheet …

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Freight and Commodity Podcast 11/01/23

John Banaszkiewicz, CEO and founder of Freight Investor Services, has a conversation with us about the FFA market in 2022, FFA in 2023, China opening up and its impact, and what FIS is doing about the war in Ukraine.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/3KisbQjd5oaqb9a1HayYev?si=z62DZhf3SQOOz2ALchZtDg   Itunes …

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Iron Ore DCE May23 Daily Technical Review 11/01/23

Verdict – Short-term neutral.   DCE iron ore May23 contract rebounded and maintained strong for the second trading day. However the strength of the rebound need to test important resistance at 856.0 level. Hourly MACD was stable above 0 axis. Hourly slow stochastic KD potentially create dead cross in overbought area. Iron ore open positions …

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Daily Virtual Steel Mill Report 11/01/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China PBOC statistic indicated that December M2 up 11.8%, up 2.8% on the year, lower than 12.4% in November.   Iron Ore Key Indicators: • Platts62 $118.70, -1.10, MTD $118.07.Seaborne saw the most active trade in January yesterday. IOCJ traded at $137.2. MACF traded at …

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