Category archives: News

Iron Ore DCE Sep Daily Technical Review 7/5/21

Verdict – Short-term neutral to bullish. DCE iron ore September contract refreshed historical high and maintain strong movement. Iron ore futures hourly candles failed to breakthrough intra-day high at 1231.0 level. Hourly CCI retreated to the bound between neutral and bullish area from a two-week-high, which created a bearish divergence with the strong price movement. …

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Daily Virtual Steel Mill Report 7/5/21

Market Verdict on Iron Ore： ·         Iron ore neutral to bullish. Macro ·         Commodity market witnessed a massive growth in May since a concern on Indian pandemic spread caused a new round of chain-effect. In addition, China-Australia tension also contribute to the metals growth. ·         IMF indicated world countries need to be aware of the …

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