Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 17/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract corrected after reached periodic high at 893.0. However be a ware of current resistance area from 883.0- 893.0. Hourly MACD created gold cross. Hourly CCI entered bullish territory. Short-run technical were indicated a resilient level, however testing high period. The first support is 880.0. The first …

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Daily Virtual Steel Mill Report 17/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. last week jobless claims 194,000, est. 200,000, last 195,000. • China MIIT urged to increase the merging and restructure of domestic steel industries, improving the quality of steels.   Iron Ore Key Indicators: • Platts62 $124.75, +1.15, MTD $124.36. Fixed trades in mid-stream largely …

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Iron Ore DCE May23 Daily Technical Review 16/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract created three consecutive growth during the past trading days. Hourly MACD widened in bullish territory. Hourly CCI entered bullish territory. Iron ore was testing the strength of the pressure on 883.0- 889.0 level, an effective breakthrough would suggest an entrance to bullish again. The first support …

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