Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 15/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract corrected the second high of February and then corrected. As expected the iron ore maintained rangebound between 840- 870 during most of time in February. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI potentially retreated to neutral area from bullish area. Technical …

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Daily Virtual Steel Mill Report 15/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • EU published winter report in 2023, increased the economic growth rates of EU and Euro Zone to 0.8% and 0.9%. • U.S. January CPI fell from 6.5% to 6.4%, created a 7-month drop, refreshed new low since October 2021, however higher than expected 6.2%. Core …

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Iron Ore DCE May23 Daily Technical Review 14/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebounded during the day, as expected the iron ore maintained rangebound between 840- 860 during most of time in February. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI potentially enter bullish territory. Hourly MACD potentially create gold cross. The first support is …

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Daily Virtual Steel Mill Report 14/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • EU increase the growth rate of economy from 0.3% to 0.9%. At the same time, EU decreased the inflation expectation from 6.1% to 5.6% in 2023. EU indicated that Euro potentially had escaped technical recession.   Iron Ore Key Indicators: • Platts62 $121.85, …

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