Tag archives: IO

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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Daily DCE Review 26/05/22

Iron ore futures reversed into losses from previous day rally, despite a late recovery in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then dipped slightly by 0.77% day-on-day or down RMB 6.50 to RMB 834/mt, during the day trading session on Thursday. The rebar futures …

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Iron Ore DCE September Daily Technical Review 26/05/22

Verdict – Short-term neutral.   DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …

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