Tag archives: IO

Daily DCE Review 23/2/22

Iron ore futures dipped from recent rally, as Beijing policymakers stated to bring price stability from market malpractices like ‘excessive hoarding’. The futures of Dalian Commodity Exchange (DCE) for May delivery then inched down by 0.78% day-on-day or down RMB 5.50 to RMB 700/mt, during the day trading session on Wednesday. The rebar futures also …

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Iron Ore DCE May Daily Technical Review 23/2/22

Verdict – Short-term neutral. DCE iron ore May22 rebounded and recovered majority of loss from yesterday. The two-day low fell on 682.0 – 683.0 area, creating a short-run support. The resistance on 718.5 also gave pressure to iron ore prices for current two days. Short-run slow stochastic KD widened after created gold cross. Short-run CCI …

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Iron Ore DCE May Daily Technical Review 22/2/22

Verdict – Short-term bearish. DCE iron ore May22 re-entered the bearish tunnel during the day with expanding trading volume. The volume and open interest structure indicated that iron ore market was still driven by aggressive new short positions. Hourly MACD expanded in bearish territory. Hourly slow stochastic KD created a dead cross above oversold area. …

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