Tag archives: IO

Iron Ore DCE September Daily Technical Review 20/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebound as expected from last report, however volume declined significantly and the high was rejected previous reversal area at 848.5. Slow stochastic KD potentially create dead cross near overbought area. Hourly CCI reached bullish territory. Technical signals were indicating a potential to test high, …

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Daily Virtual Steel Mill Report 20/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • The minutes of the ECB meeting showed that ECB members were generally worried about high inflation data. The ECB should end its asset purchase program “in the first few weeks of the third quarter” and raise interest rates “for some time afterwards”. • …

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Daily DCE Review 20/05/22

Iron ore futures ended the week on high note, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 5.13% day-on-day or up RMB 42.50 to RMB 842.50/mt, during the day trading session on Friday. The rebar …

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