Monthly archives: April 2023

Iron Ore DCE September23 Daily Technical Review 18/04/22

Verdict- Neutral to bullish. DCE Sep23 contract rebounded for the second day, breakthrough the descending tunnel created last week. Hourly MACD maintained in bullish territory. CCI headed down to neutral area from bullish territory. Iron ore potentially test high in the next few sessions. In mid-run, iron ore potentially recover bullish if breakthrough 794.5- 803.0 …

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Daily Virtual Steel Mill Report 18/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. NAHB April index 45, last 44, est. 44. The improvement on the housing investment was contributed by the limited sources of second-hand houses on the market, as well as the lower mortgage rates, which stimulated the demand for new houses. • China Q1 GDP …

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