Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 05/05/22

Verdict- Neutral. DCE Sep23 contract tested low and recovered loss by the last two hours. In mid-run, a loss on 700.0 area meant a bearish trend in continuance. In short-run, a recover above 700.0 would mean a potential rebound. Hourly slow stochastic KD created gold cross below oversold area. Hourly MACD narrowed in bearish territory. …

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Daily Virtual Steel Mill Report 05/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The European Central Bank slowed down its rate hike on Thursday, but hinted at further tightening policies in the future, which the market expects to be the final stage of its fight against inflation. All European Central Bank decision-makers, except for the Management Committee and …

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Iron Ore DCE September23 Daily Technical Review 04/05/22

Verdict- Neutral. DCE Sep23 contract corrected during the day, majorly impacted by the weak sentiment in commodity market. Iron ore once broke important support at 698.5, however quickly recovered. If a breakdown on current level by 698.0- 700.0 in next few trading sessions, iron ore potentially return to bearish trend in mid-run. Hourly slow stochastic …

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Daily Virtual Steel Mill Report 04/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal increased interest rate by 25 bps to 5.00% – 5.25% area as previous expectation. However the conference didn’t mention “ a further interest hike”, which was read as federal would stop interest hike. • IMF published “Economic Outlook for Asia and Pacific report”, …

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