Tag archives: IO

Iron Ore DCE May Daily Technical Review 28/2/22

Verdict – Short-term neutral. DCE iron ore May22 rebounded during the day however still resisted by major resistance around 718.5 area. Iron ore was rejected by this level several times from February 21st. If a breakdown on 655.0 area would bring market back to bearish. Technical was indicating a neutral sentiment. The first support is …

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Daily Virtual Steel Mill Report 28/2/22

Market Verdict on Iron Ore： • Neutral. Macro • The warfare between Russia and Ukraine blocked the transportation on eastern Europe areas and ports in Black Sea. Ships clearance and safety were both in great concerns. Supply on bulk commodities regionally impacted Eastern Europe areas. • China NDRC and Market Supervision Bureau started joint research …

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Iron Ore DCE May Daily Technical Review 25/2/22

Verdict – Short-term bearish. DCE iron ore May22 created a big correction during the day. As expected in the last report, iron ore was only weak rebound and re-entered the bearish tunnel. However the long lower shadow line on the daily candle indicated an exhaustion with an increasing volume. Hourly slow stochastic KD created gold …

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Daily DCE Review 25/2/22

Iron ore futures dropped on market uncertainty over military conflict in Ukraine that dampened market confidence. The futures of Dalian Commodity Exchange (DCE) for May delivery then dropped by 3.13% day-on-day or down RMB 22 to RMB 680.50/mt, during the day trading session on Friday. The rebar futures also dropped by 1.85% or down RMB …

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