Monthly archives: April 2022

Iron Ore DCE September Daily Technical Review 12/04/22

Verdict – Short-term neutral to bullish. DCE iron ore September contract rebounded massively and recovered the loss of yesterday. The active contract however created lower volume over the last three trading days. In short-run hourly candles entered a resisting area around 925.0 – 928.0. A rejection would indicate a potential correction. However an effective breakthrough …

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Daily Virtual Steel Mill Report 12/04/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. last week jobless claim reached 166,000, a new low since the year 1968. Est. 200,000, last 202,000. • China CSRC(China Security Regulation Commission) and other departments jointly issued documents to encourage capital market investment and the listed housing company transformation into dynamic businesses.   …

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