Category archives: News

Iron Ore DCE September23 Daily Technical Review 20/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day, however we maintain neutral verdict as the market regained support near 757.0 – 760.0 area. Hourly MACD widened in bearish territory. Hourly slow stochastic KD was preparing for a breakthrough on the boundary of oversold area. Hourly CCI approached neutral territory from bearish territory. The technical …

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Daily Virtual Steel Mill Report 20/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The Federal Reserve stated in its Beige Book that in recent weeks, the US economy has stagnated, recruitment and inflation have slowed, and credit channels have narrowed. The US Republican Party proposes to raise the debt ceiling by $1.5 trillion or extend it until March …

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