Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 05/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebound slightly during the trading day as expected, rejected by major resistance at 800.0. May 23 become major contract in DCE with higher open interest. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI retreated to neutral area from bullish area. The intraday …

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Daily Virtual Steel Mill Report 05/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • G7 member countries and Australia reached a consensus to set roof price of Russia export oil at $60/barrel. • U.S. Labor Department statistics indicated that the November Non-Agricultural population reached 263,000 , beyond expected 200,000.   Iron Ore Key Indicators: • Platts62 $107.30, +4.20, MTD …

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Iron Ore DCE January Daily Technical Review 02/12/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract maintained growth. The iron ore spiked after broke main resistance 780.5 during the day. Volume decreased with more positions rolling to May contract. Hourly slow stochastic KD approached overbought area. Hourly CCI closed to bullish territory. The first support is 780.5. The first resistance …

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Daily Virtual Steel Mill Report 02/12/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • China Caixin Manufacturing PMI 49.4, up 0.2 compared to October. U.K. Manufacturing November PMI 46.5, better than expected 46.2. Japan Manufacturing PMI 49, last 49.4. EU November Manufacturing PMI 47.1, lower than expected 47.3. Germany November Manufacturing PMI 46.2, last 46.7. • U.S. …

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