Monthly archives: April 2023

Iron Ore DCE September23 Daily Technical Review 28/04/22

Verdict- Neutral. DCE Sep23 contract rebounded slightly as expected. However iron ore is expected to enter a quite week due to upcoming holidays next week. Hourly slow stochastics created two lower dead crosses in neutral area. Hourly CCI approached the boundary of bearish territory. Hourly MACD narrowed above 0 axis. First support 698.5. First resistance …

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Daily Virtual Steel Mill Report 28/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China NBS statistic indicated that Jan- Mar 2023 industrial profit amount above designated scale reached 151.67 million yuan, down 21.4% on the year. • U.S. Q1 GDP growth rate at 1.1%, lower than expected 2.0%.   Iron Ore Key Indicators: • Platts62 $106.05, -1.60, MTD …

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