Tag archives: IO

Iron Ore DCE September Daily Technical Review 15/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday, with expanding volume and broke down two important support at 900.0 and 875.5 respectively. Hourly MACD went back to bearish area below 0 axis. Hourly CCI refreshed two-month low. Short-run technicals were indicating the correction in continuance.   The first support is 806.0,the first …

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Daily Virtual Steel Mill Report 15/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. May PPI up 10.8% y-o-y, est. 10.9%, last 11%. • ECB official indicated that July interest rate increase 25 basis points, and expect a 25 basis points increase in September. • Gazprom announced that the gas supply through the Nord Stream about 100 million …

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Iron Ore DCE September Daily Technical Review 14/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday. September contract daily candles created two long lower shadows with expanding volume, indicating the buyers and sellers have some conflictions on current level and exhausted. Thus the price falling expected to slow down. Hourly MACD potentially created gold cross below 0 axis. Hourly slow …

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Daily Virtual Steel Mill Report 14/06/22

Market Verdict on Iron Ore： • Bearish.   Macro • U.S. S&P500 corrected by 4%, confirming an entrance into bear market analysed by Wallstreet analysts. However the Executive Director of Morgan Stanley James P Gorman believed that the probability of a recession in the US economy is 50%, but any downturn is unlikely to be …

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