Monthly archives: May 2023

Iron Ore DCE September23 Daily Technical Review 22/05/23

Verdict- Neutral. DCE Sep23 contract corrected significantly during the day. Hourly MACD widened in bearish territory. Hourly slow stochastic KD created lower dead cross. Hourly CCI fell into bearish territory. A recovery on 719.5 would suggest iron ore returned to neutral. Otherwise, iron ore expected a continuous drop in the next session. First support 693.5 …

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Daily Virtual Steel Mill Report 22/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal president Jerome Powell indicated that the consumer price was the key of economy. To maintain a stable price was the responsibility of U.S. Federal. The realization of 2% inflation target along with the credit risk would bring long-term panic to economy. Thus, interest …

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