Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 22/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract maintained neutral after a big spike, as expected. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross in overbought area and accelerated the correction. Short-run signals were indicating a potential to test low in next few sessions. The first support is 900.0. The …

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Daily Virtual Steel Mill Report 22/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF indicated that Asian central banks would think about incease interest rate if inflation failed to reach the target rate in 2023. • U.S. Manufacturing PMI reached 47.8 in February, up from 46.9 in January, refreshed a four-month-high.   Iron Ore Key Indicators: • Platts62 …

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Iron Ore DCE May23 Daily Technical Review 21/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract extended growth and refreshed listed high. Hourly slow stochastic KD entered overbought area. Hourly CCI fell from bullish territory to neutral area. Hourly MACD widened in bullish territory. Iron ore was in an accelerating growth mode. Be aware of the taking gains and high changing hands …

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