Tag archives: IO

Iron Ore DCE September Daily Technical Review 29/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in a narrower range bound as expected yesterday. Hourly CCI broke down 100. In addition, hourly slow stochastic KD created dead cross yesterday and deepened the correction. Hourly MACD created dead cross. Technical signals were indicating a potential to test low in the next session. …

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Daily Virtual Steel Mill Report 29/3/22

Market Verdict on Iron Ore： • Neutral. Macro • G7 countries refused to pay Russian gas in Rubles. • OPEC+ indicated that they will maintain moderate increase on production. Iron Ore Key Indicators: • Platts62 $152.40, +1.60, MTD $149.99. Iron ore portside and seaborne both saw much higher offers on last Friday as trade sources …

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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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