Monthly archives: May 2023

Iron Ore DCE September23 Daily Technical Review 29/05/23

Verdict- Neutral to bullish. DCE Sep23 contract rebounded during the trading day, which was also supported above 700.0 level. Hourly slow stochastic KD created a fast rebound and entered overbought area. Hourly MACD entered bullish territory. If a breakthrough on 733.0 would potentially accelerate the current upward movement. First support 700.0. First resistance 733.0.  

Daily Virtual Steel Mill Report 29/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • US House Speaker Kevin McCarthy stated that the White House and Republican have reached an agreement in principle on the debt ceiling. • From January to April, China industrial enterprises value added amount down 20.6% on the year.   Iron Ore Key Indicators: • Platts62 …

Continue reading “Daily Virtual Steel Mill Report 29/05/22”