Iron Ore DCE September Daily Technical Review 24/05/22

Verdict – Short-term neutral.   DCE iron ore September climbed fast in the first minute, rejected by the high of May 6th. Iron ore gave back half of gains by closing. Hourly slow stochastic KD created dead cross near the boundary of overbought area. Hourly CCI corrected to neutral area. MACD narrowed above 0 axis. …

Daily Virtual Steel Mill Report 24/05/22

Market Verdict on Iron Ore: • Neutral.   Macro • Li Keqiang presided State Council meeting and implemented 33 measures in six areas, mainly including: annual tax rebate and reduction of 2.64 trillion yuan, doubling the amount and proportion of loan tools to small capitals, removing unreasonable restrictions and fees in the supply chain, promoting …