Tag archives: IO

Iron Ore DCE January Daily Technical Review 21/11/22

Verdict – Short-term neutral. DCE iron ore January contract tested low and recovered most of loss during the day. In short-run MACD potentially re-enter into bullish territory. However buyers should be aware of the short-run money taking gains after filled up the technical gap created in Asia morning. If a breakthrough on 750.0 would indicate …

Continue reading “Iron Ore DCE January Daily Technical Review 21/11/22”

Daily Virtual Steel Mill Report 21/11/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. Atlantic Federal president Raphael Bostic indicated that he decided to “give up” 75 interest hike in December FOMC, and believed that target policy interest rate of the Federal Reserve only needs to be raised by no more than 100 bps to fight inflation. • …

Continue reading “Daily Virtual Steel Mill Report 21/11/22”

India Withdraws Export Duties On steel, Iron ore 21/11/22

The Indian government has removed export duties on steel products and iron ore imposed in late-May effective from Saturday, the country’s Ministry of Finance said in a notification. The government said the amendments have been made “on being satisfied that it is necessary in the public interest to do so”. Export duties on nine steel …

Continue reading “India Withdraws Export Duties On steel, Iron ore 21/11/22”

Iron Ore DCE January Daily Technical Review 18/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected, breakthrough 745.5 and 755.5 during one trading day. Hourly slow stochastic KD approahced bullish territory. Hourly MACD widened in bullish area. Short-run signals were indicating a rebound in continue. The first support is 742.5 The first resistance is 787.5

Daily Virtual Steel Mill Report 18/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Euro Zone October CPI 10.6% on the year, est. 10.7%, refreshed historical high. CPI up 1.5% on the month. The food and energy price were still major contributors to support Euro Zone inflation. • China automobile production 2.559 million units, up 8.6% on …

Continue reading “Daily Virtual Steel Mill Report 18/11/22”