Tag archives: IO

Iron Ore DCE September Daily Technical Review 15/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September down , created the biggest single day drop since Jun 20th. The gap area from 677- 694.5 became the major resistance area. Hourly CCI slightly picked up approaching the boundary of neutral area. Technical signals were indicating a potential to test low in next …

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Daily Virtual Steel Mill Report 15/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • “Hawkish” U.S. Federal official James Bullard favors 75 basis point hike in July, reversed previous view on 100 basis points. FedWatch suggested that the probability of 100 bp hike dropped from 80% to 45% in a day. • China NDRC indicated that the 3% CPI …

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Iron Ore Drops With Concerns About China’s Property Crisis 15/07/22

Iron Ore Under Pressure as China Property Contagion Fears Rise   Iron ore stayed around $100 a ton after sinking Thursday, with the steep drop triggered by long-term pressures on China’s steel industry and homebuyers there boycotting mortgage payments, roiling the property market. Futures plunged almost 8% in Singapore Thursday to the lowest since late …

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