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Tag archives: IO
Iron Ore DCE Sep24 Daily Technical Review 03/07/24
Verdict- Neutral to Bullish. Iron ore price increased as expected from last report. Hourly MACD widened in bullish territory. Hourly slow stochastic KD entered overbought area. Hourly CCI approached the high created on June 26th. Iron ore potentially maintain bullish in next few sessions. First support 848.5. First resistance 870.0.
Daily Virtual Steel Mill Report 03/07/24
Verdict: • Short-run Neutral to Bullish. Macro: • The United Nations conference on trade and development predicted that the global GDP growth will be around 3% in 2024, the short-term trade outlook is cautiously optimistic. Global trade volume may reach 32 $trillion in 2024, however lower than record high at 2022. • US Federal …
European Close 02/07/24
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London Iron Ore Report 02/07/24
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Singapore Iron Ore Report 02/07/24
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Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 02/07/24
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Iron Ore DCE Sep24 Daily Technical Review 02/07/24
Verdict- Neutral to Bullish. Iron ore rebound with high open as expected from last report, however consolidated around 836.5- 846.5 during most of the time during the day. A breakdown on 836.5 potentially indicate a return to neutral. Otherwise iron ore maintain bullish. First support 836.5. First resistance 850.0.
Daily Virtual Steel Mill Report 02/07/24
Verdict: • Short-run Neutral. Macro: • China Caixin markit PMI up to 51.8 in June, refreshed new high from June in 2021, indicating the manufacturing operation entered an expansion period. • On Monday, iron ore, major commodities and equity market spiked supported by Chinese central bank PBOC plan to borrow government bonds from primary …
European Close 01/07/24
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