Monthly archives: April 2023

Iron Ore DCE September23 Daily Technical Review 11/04/22

Verdict- Neutral to bullish in Short-Run. DCE Sep23 contract gained support above important level at 771.0. Thus 771.0- 773.0 became a mid-run support. Hourly MACD returned to bullish territory. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI reached bullish territory. First support 771.0. First resistance 820.0.  

Daily Virtual Steel Mill Report 11/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China March CPI up 0.7% on the year, est. 1%, last 1%. China March PPI down 2.5%, est. down 2.5%, last down 1.4%.   Iron Ore Key Indicators: • Platts62 $119.65 +0.05, MTD $ 120.64. Market cooled down following the fair trading and speculation control …

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Iron Ore DCE September23 Daily Technical Review 10/04/22

Verdict- Neutral to Bearish in Short-run. DCE Sep23 contract corrected as expected from last report. A breakdown on 771.0 would accelerate correction. Hourly slow stochastic KD approached oversold area. Hourly CCI was in bearish territory. Hourly MACD was in bearish territory. Both short-run and mid-run signals were indicating a continious correction. First support 750.0. First …

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