Tag archives: IO

Iron Ore DCE September Daily Technical Review 1/4/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract jumped up and refresh new highs from listed today. Hourly MACD created gold cross. Hourly slow stochastic KD reached overbought area. Hourly CCI reached bullish territory. However volume was cautious because of pre-holiday sentiment. Be aware of systemic impact during holiday. The first support is 898.0,the …

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Daily Virtual Steel Mill Report 1/4/22

Market Verdict on Iron Ore： • Neutral. Macro • China issued 1.82 trillion yuan local debts in Q1, more than doubled from the year 2021. • Biden announced an unprecedented oil reserve release plan, about 1 million barrels of oil/day for six months from May, 180 million barrels in total. It is reported that the …

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Iron Ore DCE September Daily Technical Review 31/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in narrow range. Iron ore as expected exhausted at current level. The consecutive decreasing volume during past four days indicating the chasing high investors potentially started to enter watch and see mode. Open position decreased from yesterday. Hourly MACD created dead cross. Hourly slow stochastic …

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Daily Virtual Steel Mill Report 31/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • Russia potentially stop providing natural gas after Europe rejected to settled the deal with rubles. Thus Germany potentially activate contingency plan to control gas usage in the next few months. U.S. crude oil inventories decrease as a tight supply as well as traders were worrying …

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