Tag archives: IO

Iron Ore DCE September Daily Technical Review 27/06/22

Verdict – Short-term neutral. DCE iron ore September contract approached the previous gap from 779.0 – 790.0 area, a successful breakthrough on this area would confirm the effectiveness of a continious rebound. Hourly MACD flattened. Hourly slow stochastic KD flattened in high area. Hourly CCI potentially correct in bullish territory. Short-run technicals were indicating an …

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Daily Virtual Steel Mill Report 27/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • IMF decreased the U.S. economy growth rate from 3.7% to 2.9% in 2022, 2.3% to 1.7% in 2023. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and …

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Iron Ore DCE September Daily Technical Review 24/06/22

Verdict – Short-term neutral.   DCE iron ore September contract tested both first support and resistance, finally consolidate in a narrower range. It is expected that iron ore would keep in a narrower range in the next few days with a loss on both trading volume and open interest. The last three hours movement started …

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Daily Virtual Steel Mill Report 24/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. PMI 53.4, created the lowest from July 2020, est. 53.7, last 54.6. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and power grid.   Iron Ore …

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Iron Ore Rebounded After Xi Pledged To Achieve Economic Goals 24/06/22

Iron Ore Rebounds After Xi Pledges to Meet Economic Growth Goal   Iron ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s leader re-iterated the country’s “social and economic development targets” at a business forum …

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