Monthly archives: May 2022

Iron Ore DCE September Daily Technical Review 09/05/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract tanked during the first few minutes this morning however resisted by 796.0- 800.0 area. Hour CCI rebounded from bearish territory temproraly to a neutral area. Hourly slow stochastic KD potentially create gold cross in oversold area. New sellers built positions in iron ore …

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Daily Virtual Steel Mill Report 09/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • Shanghai: the first batch of “white list” for the resumption of work and production has been announced. CATL, leading battery maker of China indicated that Shanghai factory had resumed 90% of work force. The production capacity has returned to the pre-epidemic level. The factory planed …

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