Tag archives: IO

Iron Ore DCE September Daily Technical Review 28/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract rebounded as expected last Friday. However the verdict changed to neutral during the last few hours after seeing exhaustions on multiple signals. The intra-day trading volume expanded with slight decreased open interest. Hourly CCI correct from the bullish territory to neutral area. Hourly MACD narrowed above …

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Daily Virtual Steel Mill Report 28/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • German February PPI increased by 25.9% y-o-y, created the fastest growth from the year 1949, due to the massive increase on energy prices.   Iron Ore Key Indicators: • Platts62 $150.80 (+4.45), MTD 149.86. Iron ore portside and seaborne both saw much higher offers on …

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Iron Ore DCE September Daily Technical Review 25/3/22

Verdict – Short-term neutral to bull. DCE iron ore Sep22 contract rebounded massively after rolling from May22, and become the major contract during the day. Hourly chart of MACD widened above 0 axis. Hourly slow stochastic KD reached over bought area. Hourly CCI stablised above 100 level. The first support is 834.5,the first resistance is …

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Daily Virtual Steel Mill Report 25/3/22

Market Verdict on Iron Ore： • Neutral. Macro • European gas prices soared 34%. Earlier, Putin said that the supply of natural gas to European countries would be settled in rubles. • The United Nations Conference on Trade and Development expected that the prospects for global economic growth will deteriorate this year. The report shows …

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