Tag archives: IO

Iron Ore Rebounds With Steel Mills Trying to Stabilize Market 06/07/22

Iron ore rose — after dropping 12% in a four-day run of declines – following a report that a group of steel mills in southwestern China are trying to stabilize the market.   Steel producers in the region held a meeting over the weekend to discuss measures, including limiting output, according to a statement from …

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A Room with a Technical View 05/07/22

Capesize August Futures – last week we noted that the divergence will need to be monitored on the July contract, price did move higher but failed to trade above the fractal resistance at USD 26,625 resulting in the futures moving to the downside. The roll into August has created a higher high meaning the rolling …

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Iron Ore DCE September Daily Technical Review 05/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract filled the first gap after broke through the resistance at 735.5. Iron ore rebounded with significantly increased volume and open interest, indicating the reversal of a trend approaching. If breakthrough next gap resistance around 786.0, iron ore expected to accelerate rebound.   The …

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