Tag archives: IO

Iron Ore DCE September Daily Technical Review 25/3/22

Verdict – Short-term neutral to bull. DCE iron ore Sep22 contract rebounded massively after rolling from May22, and become the major contract during the day. Hourly chart of MACD widened above 0 axis. Hourly slow stochastic KD reached over bought area. Hourly CCI stablised above 100 level. The first support is 834.5,the first resistance is …

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Daily Virtual Steel Mill Report 25/3/22

Market Verdict on Iron Ore： • Neutral. Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • The United Nations Conference on Trade and Development expected that the prospects for global economic growth will deteriorate this year. The report shows …

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Iron Ore DCE May Daily Technical Review 24/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract corrected slightly during the day. Hourly slow stochastic KD created the second dead cross near overbought area after the first one created this morning. Hourly CCI created bearish divergence and breakdown 100 during the first hourly of this morning. Short-run technical signals are indicating an exhaustion …

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Daily Virtual Steel Mill Report 24/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • China machinery excavators March sales number reached 40,000, down 49% y-o-y, down 36% compared with February. • The office of the U.S. …

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Daily DCE Review 24/03/22

Iron ore futures continued to climb, despite logistical disruption in China from worsening Covid spread with travel restrictions implemented over 20 Chinese provinces. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 1.30% day-on-day or up RMB 10.50 to RMB 818/mt, during the day trading session on Thursday. The rebar futures also …

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