Monthly archives: April 2024

Iron Ore DCE Sep24 Daily Technical Review 09/04/24

Verdict- Neutral to Bullish. DCE Sep24 contract rebounded as expected from the last report. A breakthrough on 819.0 potentially accelerates the growth. The intra-day high reached 817.5, which was only 1.5 yuan from the R1. Hourly MACD widened in bullish territory. Hourly slow stochastic KD reached bullish territory. First support 800.0. First resistance 819.0.  

Daily Virtual Steel Mill Report 09/04/24

Verdict: • Short-run Neutral to Bullish.   Macro: • Recently, many regions in China have introduced policies to optimize housing provident fund. The loan amount for purchasing green construction or low-energy related building increased by 400,000 yuan to 1.6 million yuan. Guangzhou increases the maximum amount of provident fund loans.   Iron Ore Key Indicators: …

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