Monthly archives: April 2023

Iron Ore DCE September23 Daily Technical Review 24/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day. However the current four hourly candles were indicating a potential of recovery. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI entered neutral area from bearish territory. Iron ore potentially test low again during next session, however …

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Daily Virtual Steel Mill Report 24/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • Wells Fargo Bank recently predicted that the US economy will enter a recession later this year, but the Federal Reserve will not lower interest rates this year. The bank expected that the Federal Reserve would not turn until inflation expectation approached 2%, and rate cuts …

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