Tag archives: IO

Daily DCE Review 14/2/22

Iron ore futures continued to slide upon market fears of tougher and stringent checks on price information circulating in the market. The futures of Dalian Commodity Exchange (DCE) for May delivery then dropped by 6.84% day-on-day or down RMB 57 to RMB 776.50/mt, during the day trading session on Monday. The rebar futures also went …

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Iron Ore DCE May Daily Technical Review 14/2/22

Verdict – Short-term neutral. DCE iron ore May22 closed slight higher than the Friday closing, currently iron ore was trade between the narrow range of 761.5- 789.0. Hourly MACD narrowed below 0 axis. Hourly slow stochastic KD potentially create gold cross above oversold area. Hourly CCI entered neutral area. Daily technical signals were indicating a …

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Daily Virtual Steel Mill Report 14/2/22

Market Verdict on Iron Ore： • Neutral. Macro • WTI reached $94.88/barrel, refreshed the high from the year 2014. LME Alumunium also created new high since the year 2008 previous Friday. • Russia and U.S. both retreated the withdraw diplomatic personal and related staff in Ukraine, expecting the tightened geo-political relations. • China Central Bank …

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Iron Ore DCE May Daily Technical Review 11/2/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract fell fast after refreshing the high created from August 5th, creating a short-run roof area around 845.0- 849.0. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected massively from overbought area. Iron ore potentially test …

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