Market Verdict on Iron Ore： • Neutral. Macro • Li Keqiang presided State Council meeting and implemented 33 measures in six areas, mainly including: annual tax rebate and reduction of 2.64 trillion yuan, doubling the amount and proportion of loan tools to small capitals, removing unreasonable restrictions and fees in the supply chain, promoting …
Tag archives: IO
A Room with a Technical View 23/05/22
Capesize June futures – Technically bullish last week but in a corrective phase; having traded to a low of USD 34,625 the futures have traded above the USD 39,250 high, to USD 43,500. Elliott wave analysis would suggest we are on a wave 5 of the cycle that started on the 29/04/22 with a potential …
European Close 23/05/22
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London Iron Ore Report 23/05/22
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Iron Ore June 22 (rolling Front Month) 23/05/22
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Singapore Iron Ore Derivatives Report 23/05/22
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Iron Ore Offshore June 22 Morning Technical Comment – 240 Min Chart 23/05/22
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Daily DCE Review 23/05/22
Iron ore futures started the week on gains, due to market optimism over easing of mortgage rates that supported the Chinese construction sector. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 4.41% day-on-day or up RMB 36.50 to RMB 863.50/mt, during the day trading session on …
Iron Ore DCE September Daily Technical Review 23/05/22
Verdict – Short-term neutral to bullish. 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 …
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Daily Virtual Steel Mill Report 23/05/22
Market Verdict on Iron Ore： • Neutral to bullish. Macro • St. Louis Fed chairman James Bullard said the Fed should implement a series of aggressive interest rate hikes in advance and raise interest rates to 3.5% by the end of the year. If successful, Fed will effectively lower inflation and may cut interest …