Tag archives: IO

Iron Ore DCE September Daily Technical Review 30/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract broke down important support at 790.0. Daily high was also resisted by previous resistance area arround 819.5- 822.5. Hourly MACD created dead cross. Hourly slow stochastic KD corrected after creating a dead cross in overbought area. Hourly CCI approached bearish territory. Technical signals …

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Daily Virtual Steel Mill Report 30/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • Reuters: a market source indicated that G7 has initiated talks with China and India regarding to the price ceiling on crude oil from Russia. • China June official PMI 50.2, est. 50.5, last 49.6.   Iron Ore Key Indicators: • Platts 62%: $123.20 (-1.80) MTD …

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Iron Ore DCE September Daily Technical Review 29/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract tested low and supported above 790.0 area, confirmed the effectiveness of the support. Iron ore followed intraday rebound. Hourly chart created a temporary resistance around 819.0- 822.5 area, a rebound through this level would potentially see a continuous spike.   The first support …

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Daily Virtual Steel Mill Report 29/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • China reduced Covid-19 related quantarine period, lifted sentiments on secondary market investments. • ECB Finance Minister Lagarde reclaimed to hike 25 bp on interest rate in July, and inidcated that it is necessary to start more aggressive hike in this September.   Iron Ore Key …

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