Tag archives: IO

Iron Ore DCE September Daily Technical Review 30/3/22

Verdict – Short-term neutral to bullish. DCE iron ore Sep22 contract opened low yesterday and created big rebound all through the day. Sep22 contract had refreshed new high since listed. Hourly MACD created gold cross. Hourly CCI was stable beyond bullish territory. Hourly slow stochastic KD approached overbought area after creating gold cross this morning. …

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Iron Ore DCE September Daily Technical Review 29/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in a narrower range bound as expected yesterday. Hourly CCI broke down 100. In addition, hourly slow stochastic KD created dead cross yesterday and deepened the correction. Hourly MACD created dead cross. Technical signals were indicating a potential to test low in the next session. …

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Daily Virtual Steel Mill Report 29/3/22

Market Verdict on Iron Ore： • Neutral. Macro • G7 countries refused to pay Russian gas in Rubles. • OPEC+ indicated that they will maintain moderate increase on production. Iron Ore Key Indicators: • Platts62 $152.40, +1.60, MTD $149.99. Iron ore portside and seaborne both saw much higher offers on last Friday as trade sources …

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