Tag archives: IO

A Room with a Technical View 09/05/22

Capesize June Futures – We noted last week that although technically bullish the futures were trading with a USD 15,446 carry, meaning that we needed to see positive numbers from the index, otherwise the upside moves would be unsustainable. For this reason, although technically bullish the futures were not considered to be a technical buy. …

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Iron Ore DCE September Daily Technical Review 09/05/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract tanked during the first few minutes this morning however resisted by 796.0- 800.0 area. Hour CCI rebounded from bearish territory temproraly to a neutral area. Hourly slow stochastic KD potentially create gold cross in oversold area. New sellers built positions in iron ore …

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Daily Virtual Steel Mill Report 09/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • Shanghai: the first batch of “white list” for the resumption of work and production has been announced. CATL, leading battery maker of China indicated that Shanghai factory had resumed 90% of work force. The production capacity has returned to the pre-epidemic level. The factory planed …

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