Tag archives: IO

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

Verdict – Short-term neutral to bullish.   DCE iron ore September rebounded as expected in last few days, created higher highs and higher lows. Hourly CCI entered bullish territory. Hourly slow stochastic KD flattened below overbought area. Hourly MACD flattened after a quick expansion above 0 axis. The rebound saw exhaustion, potentially entering a slow …

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Daily Virtual Steel Mill Report 07/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Balkin, Secretary General of OPEC, said that the oil and gas industry was being “Besieged” due to years of insufficient investment. He added that if Iran and Venezuela were allowed to bring more supplies, the shortage could be alleviated. Balkin predicted that the …

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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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