Tag archives: IO

Daily DCE Review 01/03/22

Iron ore futures extended bullish run due to encouraging economic data that indicated better manufacturing activities. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 5.51% day-on-day or up RMB 38.50 to RMB 737.50/mt, during the day trading session on Tuesday. The rebar futures also rose by 3.75% or RMB 175 …

Continue reading “Daily DCE Review 01/03/22”

Iron Ore DCE May Daily Technical Review 1/3/22

Verdict – Short-term neutral to bullish. DCE iron ore May22 rebounded significantly during the day and breakthrough major resistance. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD entered a bullish territory and potential create gold cross. Technical signals were indicating a potential to test high. However be aware of the decreasing open interest. …

Continue reading “Iron Ore DCE May Daily Technical Review 1/3/22”