Tag archives: IO

Iron Ore DCE May23 Daily Technical Review 17/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract consolidated and closed with a doji. Trading volume decreased with slower price movement and stable open interest, indicating the volatility of iron ore in short-run potentially decrease. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI left bearish territory. The first support is …

Continue reading “Iron Ore DCE May23 Daily Technical Review 17/01/22”

Daily Virtual Steel Mill Report 17/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • The China Banking and Insurance Regulatory Commission issued a message that it should focus on expanding domestic demand and lead the banking and insurance industry to give priority to supporting recovery and expanding consumption, including issuing relevant financial products, supporting consumption in housing, …

Continue reading “Daily Virtual Steel Mill Report 17/01/22”

Iron Ore DCE May23 Daily Technical Review 16/01/22

Verdict – Short-term neutral to bearish.   DCE iron ore May23 contract corrected as expected last week, the open positions decreased by 100,000 lots during the day with massive retreat in short-run investors before Chinese New Year. Hourly CCI entered bearish territory. Hourly slow stochastic KD corrected after a dead cross created above overbought area. …

Continue reading “Iron Ore DCE May23 Daily Technical Review 16/01/22”