Tag archives: IO

Iron Ore DCE September Daily Technical Review 06/05/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract tested important resistance level in 883.0- 884.5, rejected and corrected massively after then. As a result, 883.0 – 884.5 was still a major resistance area for iron ore. It is worth noting that iron ore aggregated open interest increased by 5% during the …

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Daily Virtual Steel Mill Report 06/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • BOE increased interest rate by 25 basis points to 1% as expected, which was the fourth increase from last December. BOE base interest rate reached the highest over the last 13 years. • China Transportation Department announced that the high way tolls and …

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

Verdict – Short-term neutral.   DCE iron ore September contract created consecutive five-day increase from April 26th. However the trading volume hasn’t seen any improvement over the previous five trading days. In addition, the intra-day high was resisted by the high created on April 25th, when market created the biggest single-day decrease since February 15th. …

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Daily Virtual Steel Mill Report 05/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • U.S. trade representative Katherine Tai said on Monday that U.S. would consider using all tools to fight inflation, including reducing tariffs on Chinese exports. • European Commission President Ursula von der Leyen said that the EU would completely ban oil imports from Russia …

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