Category archives: News

Iron Ore DCE September23 Daily Technical Review 11/04/22

Verdict- Neutral to bullish in Short-Run. DCE Sep23 contract gained support above important level at 771.0. Thus 771.0- 773.0 became a mid-run support. Hourly MACD returned to bullish territory. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI reached bullish territory. First support 771.0. First resistance 820.0.  

Daily Virtual Steel Mill Report 11/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China March CPI up 0.7% on the year, est. 1%, last 1%. China March PPI down 2.5%, est. down 2.5%, last down 1.4%.   Iron Ore Key Indicators: • Platts62 $119.65 +0.05, MTD $ 120.64. Market cooled down following the fair trading and speculation control …

Continue reading “Daily Virtual Steel Mill Report 11/04/22”