Tag archives: IO

A Room with a Technical View 17/10/22

Capesize November Futures – Technically bearish last week on the break in the head and shoulders pattern below USD 14,750, the futures targeted the USD 11,125 and USD 8,575 support levels. The downside break has been followed by 4 days of consolidation, with price trading between USD 13,500 and USD 15,500. The futures are moving …

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Iron Ore DCE January Daily Technical Review 17/10/22

Verdict – Short-term neutral. DCE iron ore January recovered most of loss created in the first half hour of this morning during the last trading hour. In short-run, MACD narrowed below 0 axis. Hourly slow stochastic KD potentially create gold cross on oversold area. CCI approached neutral area from bearish territory. Short-run technical signals were …

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Daily Virtual Steel Mill Report 17/10/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The first day of Chinese National Congress stressed emphasis on real economy support, accelerating the industrialisation, manufacturing, product quality, aerospace, and digital development. • ECB official indicated that the 75 bps hike in October was appropriate. BOE indicated that interest rate should be raised to …

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