Tag archives: IO

Iron Ore DCE January Daily Technical Review 08/08/22

Verdict – Short-term neutral.   DCE iron ore January contract rebounded significantly during Friday night session, however stay flat during most time of Monday. The previous high at 745.0- 745.5 level provided effective resistance. Thus iron ore needs to breakthrough 745.0 with expanding volume to return to the fast rebound tunnel. Hourly slow stochastic potentially …

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Daily Virtual Steel Mill Report 08/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • EU started to ban Russian coals shipping from August 10th. • U.S. new added jobs in July created the biggest increase since February, which strengthened the expectation of 75 bps rate hike in September.   Iron Ore Key Indicators: • Platts62 $106.95, +3.15, …

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Iron Ore DCE January Daily Technical Review 05/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract recovered all loss created yesterday and moved back to the rebound trend. Hourly MACD created gold cross near 0 axis. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI reached bullish territory. Short-run technicals were indicating iron maintain rebound in …

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Daily Virtual Steel Mill Report 05/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • BOE increased interest rate by 50 basis points to 1.75%, created the biggest one-time hike during the past 27 years. BOE expect the inflation rate would reach roof area at 13.3% in this October. BOE expect U.K. economy would enter into recession from this Q4. …

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