Tag archives: IO

Iron Ore DCE January Daily Technical Review 07/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract recovered most of losses created in early morning before closing. The daily candle ended with a doji. The short-run uptick motive slowed down. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross in overbought area. However iron ore maintain resilient …

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Daily Virtual Steel Mill Report 07/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Chinese governors launched speech in Import Expo that China would promote all countries to share the country’s market opportunities, accelerate the construction of a bigger domestic market, optimize the trade mechanism, innovate the trade and services, and expand the import of high-quality products. …

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Daily Virtual Steel Mill Report 04/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • BOE increased interest rate by 75 bps to 3%, refreshed the highest interest rate since 2008. • U.S. interest rate traders believed that the Federal would maintain the target interest rate at 5% during most time of 2023 to fight inflation.   Iron …

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