Tag archives: IO

Iron Ore DCE September Daily Technical Review 27/07/22

Verdict – Short-term neutral.   DCE iron ore September failed to break through the concentrated trading level around 750.0 by closing. Thus, iron ore potentially reached periodic high area. Slow stochastic KD created dead cross in overbought area and deepened correction. Hourly CCI created bearish divergence. Hourly MACD potentially creating dead cross. Technical signals were …

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Daily Virtual Steel Mill Report 27/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • IMF decreased global GDP growth in 2022 from 3.6% to 3.2%. • U.S. white house indicated that the country would release 20 million barrels of crude oil supply from its national reserve, 1 million barrels on daily basis. • Chinese Machinery Association statistic …

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Iron Ore DCE September Daily Technical Review 26/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong as expected. Hourly MACD widened above 0 axis. Hourly CCI stayed in bullish territory. Iron ore hourly candles rebounded following a ladder shaped ascending structure. Short-run technical signals were indicating continuing rebound.   The first support is 703.5. The first resistance is …

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Daily Virtual Steel Mill Report 26/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • ECB official Kazaks indicated that the big interest hike expected to continue. • China Industry of Steel Association and India Steel Association held video conference to communicate the future corporation in iron ore and coals. • China Evergrande group, the house developer with …

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China Plans To Launch A Real Estate Fund To Support Property Sector 26/07/22

China plans real estate fund worth up to $44 billion for distressed sector, source says   China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to …

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