Tag archives: IO

Iron Ore DCE September Daily Technical Review 30/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract broke down important support at 790.0. Daily high was also resisted by previous resistance area arround 819.5- 822.5. Hourly MACD created dead cross. Hourly slow stochastic KD corrected after creating a dead cross in overbought area. Hourly CCI approached bearish territory. Technical signals …

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Daily Virtual Steel Mill Report 30/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • Reuters: a market source indicated that G7 has initiated talks with China and India regarding to the price ceiling on crude oil from Russia. • China June official PMI 50.2, est. 50.5, last 49.6.   Iron Ore Key Indicators: • Platts 62%: $123.20 (-1.80) MTD …

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Iron Ore DCE September Daily Technical Review 29/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract tested low and supported above 790.0 area, confirmed the effectiveness of the support. Iron ore followed intraday rebound. Hourly chart created a temporary resistance around 819.0- 822.5 area, a rebound through this level would potentially see a continuous spike.   The first support …

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