Tag archives: IO

Iron Ore DCE May Daily Technical Review Dec 31st

Verdict – Short-term neutral. DCE iron ore consolidated within the narrow range from 972.0 – 998.0. A breakdown on 959.0 would indicate iron ore back to bearish territory. A breakthrough on 1005.0 would potentially initiate a new round of strong rebound. Hourly CCI started to grow from 29th. Technical signals were indicating iron ore consolidate. …

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Daily Ferrous Physical Review Dec 30th

Ferrous Market –    MySteel Australia and Brazil iron ore total delivery at 29.75 million tonnes, down 4.58 million tonnes w-o-w. Australia iron ore delivery 21.72 million tonnes, up 3.42 million tonnes w-o-w. Australia delivery to China 18.54 million tonnes, up 4.23 million tonnes w-o-w. Brazil iron ore delivery 8.03 million tonnes, up 1.16 million tonnes …

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Iron Ore DCE May Daily Technical Review Dec 30th

Verdict – Short-term neutral to bearish. DCE iron ore created the high since December 10th, the first significant resistance at 1005.5. A breakdown on 959.5 potentially bring market back to bearish territory. From hourly chart, MACD was narrowing below 0 axis. Hourly slow stochastic KD created gold cross on the upper bound of oversold area. …

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DCE dips on bad weather concerns

Iron ore futures continued correction phrase as the cold weather affected steel demand and logistics in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) fell by 2.46% or RMB 25.50 on-day to RMB 1,010.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also slid by 1.53% or …

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DCE corrects on lower steel prices

Iron ore futures went down to correction phrase, after opening high in the morning session only to close lower at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dipped slightly by 0.73% or RMB 7.50 to RMB 1,025.50/mt on Monday. Similarly, the steel rebar contract on the Shanghai …

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Iron Ore DCE May Daily Technical Review Dec 28th

Verdict – Short-term neutral to bearish. DCE iron ore retreated after rejection below important resistance at 1069.5 last Friday. Mid-run iron ore consolidate between 992.0-1069.5 area. However a breakdown on 990.5-992.0 area would indicate a potential reversal to bearish territory in long-run. Hourly CCI corrected from one week high to one week low during one …

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