Tag archives: IO

A Room with a Technical View 05/07/22

Capesize August Futures – last week we noted that the divergence will need to be monitored on the July contract, price did move higher but failed to trade above the fractal resistance at USD 26,625 resulting in the futures moving to the downside. The roll into August has created a higher high meaning the rolling …

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Iron Ore DCE September Daily Technical Review 05/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract filled the first gap after broke through the resistance at 735.5. Iron ore rebounded with significantly increased volume and open interest, indicating the reversal of a trend approaching. If breakthrough next gap resistance around 786.0, iron ore expected to accelerate rebound.   The …

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Iron Ore DCE September Daily Technical Review 04/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract corrected during the day as expected from previous report. Iron ore created two gaps during the past three trading days. As a result, the current two resistance were consisted of the lower boundary of last two gaps. Hourly MACD narrowed below 0 axis. …

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Daily Virtual Steel Mill Report 04/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China 100 cities new built houses traded 28.37 million square meters in June, up 37% from May, down 34% on the year. The year-on-year growth slowed down.   Iron Ore Key Indicators: • Platts62 $116.45, -3.65, Jul Avg $116.45. The physical July and August iron …

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