Category archives: Ferrous

Iron Ore DCE September23 Daily Technical Review 26/04/22

Verdict- Neutral to bullish. DCE Sep23 contract rebounded after refreshed periodic low at 698.5. The level 698.5- 700.0 area became an important support, as iron ore rebounded fast after touched the level. Hourly MACD created gold cross. Hourly slow stochastic rebounded after created a gold cross above oversold area. In short-run iron ore potentially recover …

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Daily Virtual Steel Mill Report 26/04/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The draft of China banks’ mortgage approvals became a sign for the levy of real estate tax. However most of house analysts believed that the tax potentially take many years to land. Moreover, some big southern cities eased house buying restrictions for non-residents. …

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Iron Ore DCE September23 Daily Technical Review 25/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the last hour. Although price level broke support at 715.5, sellers should be aware of a day trading action from closing to opening. Hourly MACD narrowed in bearish territory and potentially created a gold cross. However hourly CCI headed down to bearish area again. Technical signals were indicating …

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