Monthly archives: May 2022

Iron Ore DCE September Daily Technical Review 25/05/22

Verdict – Short-term neutral.   DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …

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Daily Virtual Steel Mill Report 25/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days.   Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …

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