Tag archives: IO

Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 15/11/21

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Iron Ore DCE Jan Daily Technical Review 15/11/21

Verdict – Short-term neutral.   DCE iron ore Jan22 created a doji during the day with no significant direction. Short-run resistance fell on 560.0 – 561.0 area. Short-run support on 532.0 area which created a very fast rebound. Houlry MACD exhausted above 0 axis and became neutral. Hourly CCI fell to bearish boundary. Short-run technicals …

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Daily Virtual Steel Mill Report 15/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China  Ministry of Foreign Affairs spokesperson Hua Chunying announced that China Chairman Xi will hold a internet conference with U.S. president Biden. Market understand as a step forward and ease of the two countries. ·         21 China cities published a price floor on houses to avoid …

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Daily DCE Review 15/11/21

Iron ore futures dropped on the day session, following market bearish sentiment on falling steel prices and thin margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.53% day-on-day or down RMB 14 to RMB 539/mt, during the day trading session on Monday. The rebar futures also slipped by 4.54% …

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Iron Ore DCE Jan Daily Technical Review 12/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …

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Daily Virtual Steel Mill Report 12/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         The European Commission raised its inflation outlook for the euro area this year and next year, which is expected to be 2.4% and 2.2% respectively, but it is expected that inflation in the euro area will slow significantly to 1.4% in 2023, lower than the 2% …

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Daily DCE Review 12/11/21

Iron ore futures closed lower at the day session, despite the recent rebound seen yesterday, following the bearish market sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then slid by 1.62% day-on-day or down RMB 9 to RMB 546.50/mt, during the day trading session on Friday. The rebar futures also fell by …

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