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Tag archives: IO
Iron Ore DCE January Daily Technical Review 11/10/22
Verdict – Short-term neutral. DCE iron ore January contract corrected massively and broke important support area from 728.0 -735.0 with increasing volume, which was bigger than last two trading days. The short-run intra-day support fell on 716.5- 717.0, however mid-run support on 700.0. Iron ore currently terminate the mid-run rebound, however maintain range bound from …
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Iron Ore Offshore November 22 Morning Technical Comment – 240 Min Chart 11/10/22
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Daily Virtual Steel Mill Report 11/10/22
Market Verdict on Iron Ore： • Neutral to bullish. Macro • Chicago Federal official Charles Evans indicated that extra supply-chain interactions were not an issue when the unemployment rate was around the same low level in 2019, with less inflationary impact. Evans believed that if this steeper-than-usual Phillips curve is generating much of the …
South African Kumba Iron Ore Delivery Distrupted On Rail Issue 11/10/22
S African Kumba iron ore volumes may fall on rail issue South African logistic utility Transnet’s force majeure declaration has disrupted shipments from UK-South African miner Anglo American’s Kumba iron ore operations in South Africa. Kumba received a notice of force majeure from Transnet on 7 October because of strike action by Transnet’s …
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European Close
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London Iron Ore Derivatives Report 10/10/22
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A Room with a Technical View 10/10/22
Capesize November Futures – The technical was bullish neutral last week, having held fractal support at USD 14,750. The futures had been moving higher, supported by an oversold stochastic alongside a neutral RSI; we highlighted key resistance at USD 18,917. Upside moves that failed at or below this level would leave the futures vulnerable to …
Singapore Iron Ore Derivatives Report 10/10/22
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Iron Ore DCE January Daily Technical Review 10/10/22
Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded significantly after broke important resistance area from 731.0- 736.0 area. However the price was almost unchanged during the last three hours. Hourly CCI potentially head back from bullish territory to neutral area. Hourly slow stochastic KD was still approaching overbought area. The …
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