Monthly archives: April 2022

Iron Ore DCE September Daily Technical Review 08/04/22

Verdict – Short-term neutral bearish.   DCE iron ore September contract corrected as expected in last report. Hourly slow stochastic KD created a second dead cross which was lower than the previous created in last trading day. Hourly CCI was on the boundary of neutral and bearish territory. Short-run signals were indicating a consolidation but …

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Daily Virtual Steel Mill Report 08/04/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro • EIA indicated that the global oil reserve would reach 240 million barrels in the following six months. • The European central bank notes indicated that the net asset purchase plan expected a certain date, which could clear the way for the potential interest …

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