Tag archives: IO

Iron Ore DCE January Daily Technical Review 11/08/22

Verdict – Short-term neutral.   DCE iron ore January contract created roof area from 745.0 – 755.0, as intra-day high rejected by this area. Thus, iron ore was still in bearish territory. Hourly slow stochastic KD created a bearish divergence with hourly candles movement. Hourly CCI returned to bullish territory. Short-run signals were indicating a …

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Daily Virtual Steel Mill Report 11/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. July CPI up 8.5%, last 9.1%, est. 8.7%. China July CPI up 2.7 on the year, last 2.5%, est. 2.9%. • Chinese machinery sales in July turned from negative to positive, ended a negative number last for previous 14 months. Jan – Jul machinery …

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Freight and Commodity Podcast 10/08/22

We take a look at the future prospects for the dry freight market, carbon markets, and shine a spotlight on the scrap market with our special guest Alberto Xodo of the LME.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/7hD44ZpLp2R4que2WLFDQX?si=GTD23HjzS4iMIm_iPWgJZA   iTunes – https://podcasts.apple.com/gb/podcast/episode-103-10-08-22/id1507094242?i=1000575660552

Iron Ore DCE January Daily Technical Review 10/08/22

Verdict – Short-term neutral.   DCE iron ore January contract maintained neutral as expected, closed with a doji pattern. It is worth noticing that daily CCI and slow stochastic KD both created bearish divergence with iron ore price chart, which indicated that the current price was in testing mid-run bearish trend. However short-run signals were …

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