Tag archives: IO

Daily Virtual Steel Mill Report 13/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. December CPI up 7% y-o-y, created the highest since June, 1982. DXY corrected massively from 95.61 to 94.9, which supported U.S. dollar linked commodities and triggered a big rebound shortly across commodity sector. Iron Ore Key Indicators: • Platts62 $131.60, +3.00, MTD $126.12. …

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Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 12/01/22

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Daily DCE Review 12/1/22

Iron ore futures extended gains on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.07% day-on-day or up RMB 22 to RMB 737.50/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.32% day-on-day or …

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Iron Ore DCE May Daily Technical Review 12/1/22

Verdict – Short-term bullish. DCE iron ore May22 contract broke previous high at 717.5 and entered a fast growth tunnel. Hourly slow stochastic KD potentially create dead cross above overbought area. Hourly CCI potentially softened from bullish territory. Short-run technical were indicating an exhaustion temporarily, the sustained growth needs to comply with increasing volume and …

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A Room with a Technical View 11/1/22

Technical Round ups:   Capesize February futures – Price is below all key moving averages supported by the RSI below 50. We continue to see a positive divergence between the RSI and the futures, this is not a sell signal, but it is a warning that we have the potential to see a momentum slowdown. …

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