Tag archives: IO

Daily Virtual Steel Mill Report 9/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China National Development of Reform Comission: the H2 specialized local debts were issued significantly higher than previous year to stabilize the investment in infrastructure. The debts were proposed to issue earlier than expected. ·         New York Federal chairman Williams expected the year 2022 U.S. inflation rate …

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FIS Castaway Podcast – Episode 71 08/09/21

    FIS Castaway Podcast – Episode 71   Where will these markets go? Freight, iron ore and oil get the technical treatment, with our Senior Technical Analyst Ed Hutton in this week’s podcast.     Listen Below:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-71/   Spotify – https://open.spotify.com/episode/3q2iLyHcb4DkxZVE7BBz75?si=P1I8wE9qQs-dfiSI9AjMuw&dl_branch=1   iTunes – https://podcasts.apple.com/gb/podcast/episode-71/id1507094242?i=1000534685465           Disclaimer: This …

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Daily DCE Review 8/9/21

Iron ore futures managed to eke out a gain by the end of Wednesday day session, after a choppy market under selling pressure. The futures of Dalian Commodity Exchange (DCE) then inched up by 0.07% day-on-day or RMB 0.50 to RMB 747/mt, after a late rally to rebound from losses, during the day trading session …

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Iron Ore DCE Jan Daily Technical Review 8/9/21

Verdict – Short-term neutral. DCE iron ore January contract tested low and recover most of losses during the day. Iron ore expected to decrease volatile range int the coming two days with decreasing volume. Hourly slow stochastic KD deepened correction after creating a dead cross below overbought area. Hourly CCI slowly corrected. Technical signals were …

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Daily Virtual Steel Mill Report 8/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China Monetary Department official Sun Guofei said monetary supply was sufficient in the following months. There should be small chances to experience liquidity risk in the market. ·         U.K. Central Committee(MPC) Sanders indicated U.K. central bank potential to increase interest rate in next year. …

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