Tag archives: IO

Iron Ore DCE January Daily Technical Review 21/09/22

Verdict – Short-term neutral.   DCE iron ore January contract tested low and recovered as expected with expanding volunme. However iron ore needs to test the effectiveness of major support at 700.0 level. Hourly CCI moved from bearish territory to neutral area. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were …

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Daily Virtual Steel Mill Report 21/09/22

Market Verdict on Iron Ore： Neutral.   Macro European Central Bank President Lagarde is expected to further increase interest rates. ECB indicated that the inflation prospect will determine the terminal point of interest rate. Canada August CPI up 7% on the year, lower than 7.6% in July, lower than estimated 7.3%. Japan core CPI up …

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Iron Ore DCE January Daily Technical Review 20/09/22

Verdict – Short-term neutral.   DCE iron ore January contract recovered from the low open during the day, however hit down last half trading hour. Iron ore technically entered a desending tunnel from hourly candles. However there was chance to see slight rebound as previous four rounds in this chart. Hourly MACD remained in bearish …

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Daily Virtual Steel Mill Report 20/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NDRC would accelerate financial investment tools total amount 300 billion yuan to help infrastructure projects landing. • Moody decreased global GDP to 2.4% from 2.9% in June, dragged by the energy crisis in Europe, inflation and tightened monetary policies in global countries. …

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