Tag archives: IO

Daily DCE Review 02/03/22

Iron ore futures continued to rise on better market sentiment on recovering steel demand and Chinese economic activities. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 4.64% day-on-day or up RMB 33.50 to RMB 755/mt, during the day trading session on Wednesday. The rebar futures also rose by 1.76% or …

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Daily DCE Review 01/03/22

Iron ore futures extended bullish run due to encouraging economic data that indicated better manufacturing activities. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 5.51% day-on-day or up RMB 38.50 to RMB 737.50/mt, during the day trading session on Tuesday. The rebar futures also rose by 3.75% or RMB 175 …

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Iron Ore DCE May Daily Technical Review 1/3/22

Verdict – Short-term neutral to bullish. DCE iron ore May22 rebounded significantly during the day and breakthrough major resistance. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD entered a bullish territory and potential create gold cross. Technical signals were indicating a potential to test high. However be aware of the decreasing open interest. …

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