Monthly archives: July 2022

Iron Ore DCE September Daily Technical Review 04/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract corrected during the day as expected from previous report. Iron ore created two gaps during the past three trading days. As a result, the current two resistance were consisted of the lower boundary of last two gaps. Hourly MACD narrowed below 0 axis. …

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Daily Virtual Steel Mill Report 04/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • China 100 cities new built houses traded 28.37 million square meters in June, up 37% from May, down 34% on the year. The year-on-year growth slowed down.   Iron Ore Key Indicators: • Platts62 $116.45, -3.65, Jul Avg $116.45. The physical July and August iron …

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