Tag archives: IO

Iron Ore DCE May Daily Technical Review 11/2/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract fell fast after refreshing the high created from August 5th, creating a short-run roof area around 845.0- 849.0. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected massively from overbought area. Iron ore potentially test …

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Iron Ore DCE May Daily Technical Review 10/2/22

Verdict – Short-term neutral. DCE iron ore May22 recovered major loss from previous two days, however with lower volume compared to previous two trading days. Hourly slow stochastic KD created a gold cross near oversold territory. Hourly MACD created a gold cross. Hourly CCI approached bullish territory. The first support is 800.0, the first resistance …

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Daily Virtual Steel Mill Report 10/2/22

Market Verdict on Iron Ore： • Neutral. Macro • The latest data released on Thursday is expected to show that US inflation is still at a decades high, but Fed officials are still hopeful that inflation will peak soon. The Federal Reserve Bank of Cleveland president Ben Meister said on Wednesday that the Fed will …

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Daily DCE Review 10/2/22

Iron ore futures rebounded from a dip previously, as market participants were more cautious, after regulators warned of false prices information that manipulated the market. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 3.20% day-on-day or up RMB 25.50 to RMB 821/mt, during the day trading session on Thursday. The …

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