Tag archives: IO

Iron Ore DCE May Daily Technical Review 5/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract moved up and down in narrow range during the day, however the trading volume was less than half day trading volume compared to previous two trading days. The intra-day high 696.5 became the first resistance. The daily low around 681.0 area also created a short-run support …

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Daily Virtual Steel Mill Report 5/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China PM Li Keqiang held general political conference to delay some income tax incentives, equal to 1.1 trillion yuan of tax cut annually. • China proposed to increase the self-sufficiency by 35% in copper, 20% in aluminum. In addition, increase scrap ratio by 30% in steel …

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Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 04/01/22

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Iron Ore DCE May Daily Technical Review 4/1/22

Verdict – Short-term neutral to bullish. DCE iron ore May22 contract rebounded for three consecutive trading days. The trading volume was expanding if compared from session to session(only half trading days on Tuesday and previous Friday). Hourly slow stochastic KD approached the boundary of overbought area. Hourly CCI stayed in the bullish territory. Technical signals …

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Daily DCE Review 4/1/22

Iron ore futures rose on market optimism over positive China’s economic data, though there were some market concerns over the slowing property sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 2.23% day-on-day or up RMB 15 to RMB 689/mt, during the day trading session on Tuesday. The rebar …

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