Tag archives: IO

A Room with a Technical View 07/03/22

Capesize March Futures – Technically bearish last week A positive divergence on the 1-hour intraday had warned that we could see a small test to the upside resulting in the futures trading from USD 15,650 to USD 20,000. April futures – The roll in the futures created a bullish Gap of USD 4,000 which took …

Continue reading “A Room with a Technical View 07/03/22”

Iron Ore DCE May Daily Technical Review 7/3/22

Verdict – Short-term neutral. DCE iron ore May22 maintained bullish during the day. However worth noticing that DCE aggregated open interest has lost 16.6% from the start of this round of rebound in Feb 28th. Previous cut loss sellers were major contributor of today’s market. Short-run support was close to the upper bound of a …

Continue reading “Iron Ore DCE May Daily Technical Review 7/3/22”

Daily Virtual Steel Mill Report 7/3/22

Market Verdict on Iron Ore： • Neutral. Macro • The weekends news about U.S. and European countries potential stop import Russian crude oils lifted NYMEX WTI price by 10% in Asian morning on Monday, WTI futures reached $130.5 as the highest of the day. • China government report mentioned expected to decrease deficit ratio from …

Continue reading “Daily Virtual Steel Mill Report 7/3/22”

Iron Ore DCE May Daily Technical Review 4/3/22

Verdict – Short-term in roof area, correction risk increased. DCE iron ore May22 rebounded slightly and majorly correct most of gains back during the Asian day session. DCE iron ore created the consecutive long upper shadow, with massive decrease on open interests, indicating a temporary taking gains in roof area. Hourly MACD created dead cross. …

Continue reading “Iron Ore DCE May Daily Technical Review 4/3/22”