Verdict – Short-term neutral. DCE iron ore January contract rebounded although with a low open during night session. Hourly slow stochastic KD left bearish territory. Hourly MACD potentially create gold cross. The next resistance on 5-10-20 MACD crossed near the 715.0- 716.0 area. Short-run neutral. The first support is 686.5. The first resistance is 715.0.
Tag archives: IO
Daily Virtual Steel Mill Report 14/10/22
Market Verdict on Iron Ore: • Neutral. Macro: • U.S. September CPI up 8.2% y-o-y, est. 8.1%, last 8.3%. U.S. CPI up 0.4% m-o-m, est. 0.2%, last 0.1%. • China NBS: September CPI up 2.8%, refreshed high of the year, last 2.5%, est. 2.8%. China PPI September up 0.9%, est. 1.0%, last 2.3%. …
European Close 13/10/22
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London Iron Ore Derivatives Report 13/10/22
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Singapore Iron Ore Derivatives Report 13/10/22
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Iron Ore Offshore November 22 Morning Technical Comment – 240 Min Chart 13/10/22
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European Close 12/10/22
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London Iron Ore Derivatives Report 12/10/22
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Singapore Iron Ore Derivatives Report 12/10/22
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Iron Ore Offshore November 22 Morning Technical Comment – 240 Min Chart 12/10/22
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