Monthly archives: April 2022

Iron Ore DCE September Daily Technical Review 1/4/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract jumped up and refresh new highs from listed today. Hourly MACD created gold cross. Hourly slow stochastic KD reached overbought area. Hourly CCI reached bullish territory. However volume was cautious because of pre-holiday sentiment. Be aware of systemic impact during holiday. The first support is 898.0,the …

Continue reading “Iron Ore DCE September Daily Technical Review 1/4/22”

Daily Virtual Steel Mill Report 1/4/22

Market Verdict on Iron Ore： • Neutral. Macro • China issued 1.82 trillion yuan local debts in Q1, more than doubled from the year 2021. • Biden announced an unprecedented oil reserve release plan, about 1 million barrels of oil/day for six months from May, 180 million barrels in total. It is reported that the …

Continue reading “Daily Virtual Steel Mill Report 1/4/22”