Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 02/02/22

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract maintained correction as expected in previous trading days. The overlapping of mid-run and short-run bearish cycle finally caused a big correction. Hourly MACD expanded in bearish territory. Hourly slow stochastic KD deepened correction. Hourly CCI maintained in bearish territory. Technical signals were indicating testing …

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Daily Virtual Steel Mill Report 02/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. Federal increased interest rate by 25 bps, and reiterated to continue interest hike in 2023 without mentioning the possibility of interest decrease.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.Physical market started to see great volume today after the derivatives market saw a …

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Freight and Commodity Podcast 01/02/23

A discussion on the increase in steel market volume, market share, the US HRC futures market reaching new heights, the European Hot Rolled Coil market growth, and much more.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/5v8jPNtzOMJKjSUJoz7K04?si=Rkub9ScuTuaBTCyNWS-5WA   Itunes – https://podcasts.apple.com/gb/podcast/episode-116-01-02-23/id1507094242?i=1000597569505