Verdict- Neutral to bullish. DCE Sep23 contract closed on the similar level to the open. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI entered neutral area from bullish territory. A breakthrough on 650 – 652.5 would confirm an intra-day acceleration on price movement. First support 733.0. First resistance 794.5.
Tag archives: IO
Daily Virtual Steel Mill Report 18/05/22
Market Verdict on Iron Ore： • Neutral. Macro： • Eurozone April CPI up 7% on the year, estimated 7%. April CPI up 0.6% on the month, estimated 0.7%. Eurozone core CPI up 5.6% on the year, estimated 5.6%. • IIF indicated that global debt increased by 8.3 trillion dollars in the first three months …
London Iron Ore Derivatives Report 17/05/23
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European Close 17/05/23
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Singapore Iron Ore Derivatives Report 17/05/23
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Iron Ore Offshore June 23 Morning Technical Comment – 240 Min Chart 17/05/23
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Iron Ore DCE September23 Daily Technical Review 17/05/22
Verdict- Neutral to bullish. DCE Sep23 contract broke upper bound at 733.0 of a box area. The price accelerated significantly after the breakthrough. Hourly MACD widened in overbought area. Hourly CCI entered bullish territory. Short-run signals were indicating rebound in next few sessions. First support 719.5. First resistance 794.5.
Daily Virtual Steel Mill Report 17/05/22
Market Verdict on Iron Ore： • Neutral to Bullish. Macro： • The Chinese NBS statistic indicated that property investment decreased by 6.2% from January to April, which was 5.8% from January to March. The decrease was slight faster than market expectation. • Fu Linghui, spokesperson for the National Bureau of Statistics of China, stated …
London Iron Ore Derivatives Report 16/05/23
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European Close 16/05/23
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