Category archives: News

Iron Ore DCE September Daily Technical Review 07/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebounded as expected in last few days, created higher highs and higher lows. Hourly CCI entered bullish territory. Hourly slow stochastic KD flattened below overbought area. Hourly MACD flattened after a quick expansion above 0 axis. The rebound saw exhaustion, potentially entering a slow …

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Daily Virtual Steel Mill Report 07/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Balkin, Secretary General of OPEC, said that the oil and gas industry was being “Besieged” due to years of insufficient investment. He added that if Iran and Venezuela were allowed to bring more supplies, the shortage could be alleviated. Balkin predicted that the …

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U.S. Imposed New Sanctions On Iranian Oil Sales Network 07/07/22

U.S. tightens sanctions on Iran, targets Chinese, Emirati firms over oil   The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, pressuring Tehran as it seeks to revive the 2015 Iran …

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