Tag archives: IO

Iron Ore DCE January Daily Technical Review 03/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected, refreshed higher highs and lows for three consecutive days. Iron ore trade volume decreased for the current two trading days with almost flat interest change, indicating the market potentially maintain slight bullish in the next few sessions. The first support is …

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Daily Virtual Steel Mill Report 03/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • U.S. FOMC increased interest rate by 75 bps to 3.75%-4%, as expected. However Jerome Powell speech mentioned the Federal potentially increase the target interest rate to 5%. U.S. stock index correct massively after the speech. • ECB president Christine Lagarde said that the …

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Freight and Commodity Podcast 02/11/22

We cover one of the fastest growing ‘next generation’ fuels with multiple uses, including electricity generation, vessel fuel, and fertilizer: our latest product addition, Ammonia. We also put a little sprinkle of oil as we look at the oil & products market and get a freight market overview.   Click Below to Listen:     …

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Iron Ore DCE January Daily Technical Review 02/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract consolidated to close with a doji today. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI fell to neutral area from bullish territory. However the trend line indicated the periodic rebound should last for more sessions. The first support is 618.0. …

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