Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 17/01/22

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Daily DCE Review 17/1/22

Iron ore futures fell due to waning pre-Lunar New Year restocking activities and slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.35% day-on-day or down RMB 17 to RMB 705/mt, during the day trading session on Monday. The rebar futures also dipped by 2.04% day-on-day or down …

Brent Mar 22 Morning Technical Comment – 60 Min (Negative Divergence Needs to be Monitored) 14/01/22

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Ferrous Trade Weekly Review 14/1/22

A total of 1.13 million mt of iron ores was traded for the week ended Jan 14, down 10.32% on-week, as restocking activities slowed down. As most of the mills were heard to complete their pre-Lunar New Year procurement, though some market participants expected some purchases for smaller lots. During the week, the trades volume …

Daily DCE Review 14/1/22

Iron ore futures suffered a hiccup from previous rally, due to market uncertainty over steel demand and lower imports data. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.30% day-on-day or down RMB 17 to RMB 722/mt, during the day trading session on Friday. The rebar futures also dipped slightly …

Iron Ore DCE May Daily Technical Review 14/1/22

Verdict – Short-term bearish. DCE iron ore May22 corrected weakly during the day. The daily support fell on 713.0 – 714.0. Hourly MACD deepened correction. Hourly slow stochastic KD approached oversold area. Hourly CCI consolidated near bearish territory. Short-run correction if seeing lower lows and highs. The first support is 693.0, the first resistance is …

Daily Virtual Steel Mill Report 14/1/22

Daily Virtual Steel Mill Report 14/1/22 Market Verdict on Iron Ore: • Neutral to bearish. Macro • U.S. Federal official Harker indicated that the Federal potentially increase interest rate by 25 basis points after decreasing the debt purchase in March. • Chinese Academy of Science estimated that China GDP growth rate in the year 2022 …