Tag archives: IO

A Room with a Technical View 19/12/22

Capesize Jan 23 Futures – Technically bearish two weeks ago, we noted that the roll into Jan had created a positive divergence with the RSI, meaning we did not consider the futures a technical sell. We did move higher with price trading above the USD 10,453 level, indicating that the technical, although bearish, now has …

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Iron Ore DCE May23 Daily Technical Review 16/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract was closed to listed high at 841.5, then corrected during the day session. Iron ore became volatile after breakthrough 800.0, with expanding volume, indicated a divergence between bull and bear camps. Hourly slow stochastic KD started correction after a dead cross created in overbought area. Iron …

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Daily Virtual Steel Mill Report 16/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • ECB: Estimated GDP growth in 2022 at 3.4%, est. 3.1%. GDP growth in 2023 at 0.5%, est. 0.9%. GDP growth in 2024 at 1.9%, est. 1.9%. • Dow Jones Index created the biggest single day correction over last three month. U.S. November retail sales drop …

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