Tag archives: IO

Iron Ore DCE September Daily Technical Review 27/04/22

Verdict – Short-term neutral.   DCE iron ore September contract inched up during the day, with flat volume compared with yesterday. Iron ore created higher highs and lows, however resisted by import level at 836.0, which was the upper boundary of a previous gap. CCI, slow stochastic KD and MACD in hourly chart all became …

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Iron Ore DCE September Daily Technical Review 26/4/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract rebounded slightly, however trading volume slumped by 30%, indicating the market currently has limited motive to reverse market back to bull. Hourly MACD potentially create gold cross. Hourly slow stochastic KD rebound fast after created a gold cross in oversold area. However the …

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Daily Virtual Steel Mill Report 26/4/22

Market Verdict on Iron Ore： • Neutral.   Macro • China central bank PBOC decided to decrease foreign exchange deposit rate by 1% to 8%, effective from May 15th. CNH appreciated 389 basis points after a 1766 depreciation over the previous four trading days. • US Treasury Secretary Yellen hinted that in order to get …

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