Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 27/02/22

Verdict – Short-term neutral bearish. DCE iron ore May23 contract broke important support at 900.0. Hourly MACD widened in bearish area. Hourly slow stochastic KD reached oversold area after created several dead cross. Hourly CCI located in bearish territory. Hourly candles created a significant reversal pattern, which indicated the contract potential testing low in next …

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Daily Virtual Steel Mill Report 27/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • CNH and CNY depreciated to 6.98 and 6.96 respectively, both refreshed new highs in 2023. • U.S. January PCE up 0.6% on the year, refreshed the biggest increase since August 2022, est. 0.4%, last 0.3%.   Iron Ore Key Indicators: • Platts62 $126.65, …

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