Tag archives: IO

Iron Ore DCE January Daily Technical Review 14/09/22

Verdict – Short-term neutral.   DCE iron ore January contract confirmed periodic high yesterday at 736.5 after a small correction today. In hourly chart, MACD widened below 0 axis. Slow stochastic KD deepened correction after a dead cross created in overbought area. CCI corrected close to bearish territory. The mid-run level correction needs confirmation on …

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Daily Virtual Steel Mill Report 14/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • U.S. August CPI growth rate at 8.3%, est. 8.1%, last 8.2%. The market expected that the Federal would prefer to initiate aggressive interest hike by 75 bps next week. • Chinese State Administration of Taxation indicated that from June to August, 3.553 million …

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Iron Ore DCE January Daily Technical Review 13/09/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract successfully created periodic high, however resisted by 736.5 during the day. A breakthrough on 736.5 with expanding volume would indciate a continious fast pick up. Hourly MACD narrowed above 0 axis. Hourly CCI and slow stochastic KD both flattened. Technical signals were indicating …

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Daily Virtual Steel Mill Report 13/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS:Chinese August PPI up 2.5% on the year, down 1.2% on the month. Chinese August CPI up 2.5% on the year, down 0.1% on the month. Chinese August M2 supply up 12.2% on the year, est. 12.2%, last 12%.   Iron Ore …

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