Monthly archives: June 2022

Iron Ore DCE September Daily Technical Review 15/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday, with expanding volume and broke down two important support at 900.0 and 875.5 respectively. Hourly MACD went back to bearish area below 0 axis. Hourly CCI refreshed two-month low. Short-run technicals were indicating the correction in continuance.   The first support is 806.0,the first …

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Daily Virtual Steel Mill Report 15/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. May PPI up 10.8% y-o-y, est. 10.9%, last 11%. • ECB official indicated that July interest rate increase 25 basis points, and expect a 25 basis points increase in September. • Gazprom announced that the gas supply through the Nord Stream about 100 million …

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