Tag archives: IO

Daily DCE Review 09/03/22

Iron ore futures dipped at the closing trading session, as market sentiment on iron demand remained poor due to lower steel margins. The futures of Dalian Commodity Exchange (DCE) for May delivery fell by 3.85% day-on-day or down RMB 32.50 to RMB 812.50/mt, during the day trading session on Wednesday. The rebar futures also dropped …

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Iron Ore DCE May Daily Technical Review 9/3/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract didn’t move significantly as expected yesterday. DCE iron ore expected to enter a small phase of correction observed by candles. Hourly slow stochastic KD gradually declined. Hourly CCI entered bearish territory. Hourly MACD deepened correction below 0 axis. Technical signals were indicating the correction …

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Iron Ore DCE May Daily Technical Review 8/3/22

Verdict – Short-term neutral. DCE iron ore May22 tested low and recover major loss, slight correct compared to the opening on night session. Hourly MACD potentially created gold cross. Hourly CCI was approaching bullish territory. Short-run neutral without seeing clear direction on DCE market. It is worth noticing that the gap yesterday was filled, which …

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A Room with a Technical View 07/03/22

Capesize March Futures – Technically bearish last week A positive divergence on the 1-hour intraday had warned that we could see a small test to the upside resulting in the futures trading from USD 15,650 to USD 20,000. April futures – The roll in the futures created a bullish Gap of USD 4,000 which took …

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