Monthly archives: April 2023

Iron Ore DCE September23 Daily Technical Review 13/04/22

Verdict- Neutral to Bearish. DCE Sep23 contract broke important support at 771.0. Thus iron ore returned to the bearish trend. Hourly CCI ticked up by the last two trading hours, however in the bearish territory. Hourly slow stochastic KD potentially create gold cross in oversold area. Hourly MACD widened in bearish territory. Iron ore potentially …

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Daily Virtual Steel Mill Report 13/04/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. March CPI up 5% on the year, lower than 5.2% expected, refreshed new low from May 2021, created a consecutive 9-month drop. However core CPI in March up from 5.5% to 5.6%. • G7 Group indicated that the central banks in global countries would …

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