Tag archives: IO

Iron Ore DCE January Daily Technical Review 26/09/22

Verdict – Short-term neutral.   DCE iron ore January contract corrected and recovered loss during the day, closed with a doji. Houlry slow stochastic KD created gold cross above oversold area. Houlry MACD narrowed below 0 axis. Intra-day aggregated trading volume grew by 1/3. The 718.5 became important intra-day resistance.   The first support is …

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Daily Virtual Steel Mill Report 26/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro To stabilize foreign exchange market expectations and strengthen macro prudential management, the People’s Bank of China has decided to raise the foreign exchange risk reserve ratio of forward exchange surrendering from 0-20%. U.S. Nasdaq corrected 5.03% during last week, total down 16.7% from August 12th, …

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Iron Ore DCE January Daily Technical Review 23/09/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract corrected significantly during the last trading hour, gave back major gains from yesterday. Iron ore expected to consilidate in 700.0 – 728.0 range area in short-run. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross below overbougt area. Hourly …

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Daily Virtual Steel Mill Report 23/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • BOE hiked interest rate by 50 bps to 2.25%, in line with expectations. • The Asian Development Bank released a report of Asian Development Outlook 2022, and lowered the economic growth forecast of developing Asian economies to 4.3% this year, compared with 5.2% …

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