Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 29/03/22

Verdict- Bullish in Short-run. DCE May23 contract rebounded as expected. In short-run testing the resistance between 895.0 and 900.0 area. A breakthrough would indicate an acceleration on the current upward trend. Hourly slow stochastic created dead cross in overbought area however recovered back to the overbought level. Hourly MACD maintained in bullish territory. First support …

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Daily Virtual Steel Mill Report 29/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China BO’AO Asian Forum expected Asian countries potentially contribute a 4.5% GDP growth in 2023.   Iron Ore Key Indicators: • Platts62 $123.7, +2.05, MTD $127.10. The iron ore market was back to normal as the risk appetite shift back. Physical trades on both float …

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Iron Ore DCE May23 Daily Technical Review 28/03/22

Verdict- Bearish in Short-run. DCE May23 contract re-entered bullish trend in short-run, as daily successfully broke important resistance at 883.0 and closed on 1 yuan below. Iron ore largely break the resistance again in the next session and approach 900.0. Hourly slow stochastic KD entered over-bought area. Hourly CCI entered bullish territory. Hourly MACD moved …

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Daily Virtual Steel Mill Report 28/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China Jan-Feb industrial net income above designated scale reached 887.21 billion yuan, down 22.9% on the year • U.S. Insurance company FDIC said that First Citizens Bank & Trust Co. would take over all deposits and loans from Silicon Valley Bank (SVB), which may ease …

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