Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 22/05/23

Verdict- Neutral. DCE Sep23 contract corrected significantly during the day. Hourly MACD widened in bearish territory. Hourly slow stochastic KD created lower dead cross. Hourly CCI fell into bearish territory. A recovery on 719.5 would suggest iron ore returned to neutral. Otherwise, iron ore expected a continuous drop in the next session. First support 693.5 …

Continue reading “Iron Ore DCE September23 Daily Technical Review 22/05/23”

Daily Virtual Steel Mill Report 22/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal president Jerome Powell indicated that the consumer price was the key of economy. To maintain a stable price was the responsibility of U.S. Federal. The realization of 2% inflation target along with the credit risk would bring long-term panic to economy. Thus, interest …

Continue reading “Daily Virtual Steel Mill Report 22/05/22”

Iron Ore DCE September23 Daily Technical Review 19/05/22

Verdict- Neutral. DCE Sep23 contract corrected during the trading day. Hourly slow stochastic KD corrected after created a dead cross near overbought area. Hourly CCI approached bearish territory. A stand on 719.5 in next few sessions would indicate the ascending tunnel should be supportive to the price movement. Otherwise iron ore returned to mid-run neutral …

Continue reading “Iron Ore DCE September23 Daily Technical Review 19/05/22”

Daily Virtual Steel Mill Report 19/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Labor Department reported a big drop on jobless claims, by 22,000 files, refreshed the biggest decrease from November 20th. House sales in April down 3.4% on the year.   Iron Ore Key Indicators: • Platts62 $110.30, -0.70, MTD $106.75. Chinese ports maintained active trades. …

Continue reading “Daily Virtual Steel Mill Report 19/05/22”