Tag archives: IO

Iron Ore DCE September Daily Technical Review 30/05/22

Verdict – Short-term neutral.   DCE iron ore September rebounded significantly during the day, however with flat volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross and corrected to neutral area. Hourly CCI entered neutral area. Short-run technical signals were indicating exhaustion. The return to bullish need to confirm an …

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Daily Virtual Steel Mill Report 30/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • Shanghai government issued a note to accelerate economy recovery including 50 rules of financial relief. Cancel “white list on resumption” and restrictions of work resumption from June 1st. Allocate a one-time 10,000 yuan subsidy on replacement from fuel vehicles to new energy vehicles. Implement the …

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Iron Ore DCE September Daily Technical Review 27/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebounded massively with narrowing volume, indicating market reversed to bullish sentiment after defend the 800- 806.0 level with significant huge volume yesterday. Hourly MACD increased above 0 axis. Hourly slow stochastic KD entered overbought area. Hourly CCI current moved in the bullish territory. Technical …

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Daily Virtual Steel Mill Report 27/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China Ministry of Commerce: at present, logistics disruption is gradually improving. Ensure domestic transportation of foreign trade goods and continue to alleviate the pressure of international logistics. • U.S. FOMC in May notes: most of the federal officials supported 50 basis points hike …

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