Monthly archives: July 2022

Iron Ore DCE September Daily Technical Review 21/07/22

Verdict – Short-term neutral.   DCE iron ore September maintained consolidation as expected. The rangebound became smaller observed by lower highs and higher lows. Hourly CCI flattened. Hourly MACD slowed down above 0 axis. The current strong resistance was 694.5, which was the upper boundary of a previous gap. The lower support lied in 634.5 …

Continue reading “Iron Ore DCE September Daily Technical Review 21/07/22”

Daily Virtual Steel Mill Report 21/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China July 1-year LPR at 3.7%, est. 3.7%, last 3.7%. 5-year LPR 4.45%, est. 4.45%, last 4.45%. • The European Central Bank is expected to raise interest rates for the first time in 11 years on July 21st. Market expect the interest hike would raise …

Continue reading “Daily Virtual Steel Mill Report 21/07/22”