Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 29/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebound significantly during the day with expanding new buyers built positions. However hourly chart saw four consecutive black candles, together with a narrowed MACD and dead cross in slow stochastic KD, the short-run exhaustion expected to happen. In mid-run iron ore was still in …

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Daily Virtual Steel Mill Report 29/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • China CSRC spokesman supported the refinancing function of properties and related listed companies. • China NBS: China industrial valued added amount above designated scale reached 6.98 trillion yuan from January to October, down 3% on the year. The ferrous metallurgical industries down 92.7% …

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A Room with a Technical View 28/11/22

Capesize Dec Futures – Technically bearish last week, the divergence with the RSI warned that we had the potential to see a momentum slow down soon. The futures moved higher, above the USD 10,604 and USD 11,675 resistance levels, meaning we are now in bullish territory. Downside moves that hold at or above USD 9,842 …

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