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Tag archives: IO
Daily DCE Review 25/05/22
Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …
Iron Ore DCE September Daily Technical Review 25/05/22
Verdict – Short-term neutral. DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …
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Daily Virtual Steel Mill Report 25/05/22
Market Verdict on Iron Ore： • Neutral. Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days. Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …
Ferrous Weekly Analysis Report 24/05/22
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London Iron Ore Report 24/05/22
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Ship Shape: Pax Sinaca
Ship Shape: Pax Sinica It was announced this week that the Chinese government will be offering 140 billion yuan ($21.1 billion) in tax relief to companies. This package is one that is aiming to help the country deal with the economic impact of covid-19 spread and resulting lockdowns. The new measures included additional …
Singapore Iron Ore Derivatives Report 24/05/22
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Iron Ore Offshore June 22 Morning Technical Comment – 240 Min Chart 24/05/22
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Iron Ore DCE September Daily Technical Review 24/05/22
Verdict – Short-term neutral. DCE iron ore September climbed fast in the first minute, rejected by the high of May 6th. Iron ore gave back half of gains by closing. Hourly slow stochastic KD created dead cross near the boundary of overbought area. Hourly CCI corrected to neutral area. MACD narrowed above 0 axis. …
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