Tag archives: IO

Daily DCE Review 9/12/21

Iron ore futures retreated into losses after steady gains for the week, as trade participants found misalignment between the recent paper rally and the lacklustre physical market. The futures of Dalian Commodity Exchange (DCE) for January delivery then decreased by 3.17% day-on-day or down RMB 21 to RMB 642.50/mt, during the day trading session on …

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Iron Ore DCE May Daily Technical Review 09/12/21

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract started a short-run correction after breakdown the import support around 644.0- 645.0. However currently become neutral and in the phase of testing low. A breakdown on 632.0 would indicate a mid-run correction start. Hourly CCI correct fast from bullish territory to bearish territory from …

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Daily Virtual Steel Mill Report 9/12/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PBOC RRR released four positive signals including the stable economy growth, hedge the downside risk of economy, create a beneficial monetary environment for enterprises and indicate a manageable liquidity policy. ·         The two parties of U.S. reached a consensus to increase the maximum debt ceiling …

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Iron Ore DCE May Daily Technical Review 08/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract finally closed 5 yuan slight lower than opening of the day. Daily high and low were 676.0 and 652.5 respectively, which also became the first resistance and support. Hourly CCI started to weaken and diverge with iron ore price since December 6th. Hourly slow stochastic KD …

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