Monthly archives: June 2022

Iron Ore DCE September Daily Technical Review 01/06/22

Verdict – Short-term neutral.   DCE iron ore September refreshed new high, however the last two-day rebound was along with significant smaller rebound. Thus, the extension of bullish run needs to see massive changing hands in the next few sessions. Hourly techncial signals were starting to show bearish divergence with price movement. Hourly MACD narrowed …

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Daily Virtual Steel Mill Report 01/06/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Eurozone May adjusted CPI up 8.1% y-o-y, refreshed record high. Est. 7.8%, last 7.5%. • U.S. president Joe Biden held a rare meeting with Federal Reserve Chair Jerome Powell to tackle decades-high inflation ahead of the November midterm and simultaneously maintain the independence …

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