Tag archives: IO

Iron Ore DCE May Daily Technical Review 16/3/22

Verdict – Short-term neutral bullish. DCE iron ore May22 contract recovered major loss over the previous two days following the sentiment of China equities spike. Hourly MACD created gold cross during day session. Hourly slow stochastic KD created gold cross near oversold area in last evening. Technical signals are indicating a recovery in continuance. The …

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Daily DCE Review 16/03/22

Iron ore futures rebounded from previous losses, despite market concerns over rising covid cases that resulted in lockdown measures. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 5.17% day-on-day or up RMB 39.50 to RMB 804/mt, during the day trading session on Wednesday. The rebar futures also increased by 3.22% or …

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Daily DCE Review 15/03/22

Iron ore futures dipped on slow steel demand, despite better economic indicator in the Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for May delivery dipped by 4.61% day-on-day or down RMB 36.50 to RMB 756/mt, during the day trading session on Tuesday. The rebar futures also decreased by 0.81% or down RMB …

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Iron Ore DCE May Daily Technical Review 15/3/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected massively and entered a bearish trend. Hourly MACD widened below 0 axis. Hourly slow stochastic KD widened after a dead cross. Hourly CCI entered a bearish territory. Hourly and daily candles created a roof area and indicating the start of a correction in …

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