Monthly archives: May 2022

Daily DCE Review 23/05/22

Iron ore futures started the week on gains, due to market optimism over easing of mortgage rates that supported the Chinese construction sector. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 4.41% day-on-day or up RMB 36.50 to RMB 863.50/mt, during the day trading session on …

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Iron Ore DCE September Daily Technical Review 23/05/22

Verdict – Short-term neutral to bullish.   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 …

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Daily Virtual Steel Mill Report 23/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • St. Louis Fed chairman James Bullard said the Fed should implement a series of aggressive interest rate hikes in advance and raise interest rates to 3.5% by the end of the year. If successful, Fed will effectively lower inflation and may cut interest …

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