Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 09/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. However hourly MACD narrowed above 0 axis. Hourly CCI fell from bullish territory to neutral area. The late market indicated a slow down on the push. Be aware that the open interest of DCE aggregated iron ore reached a year-high at …

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Daily Virtual Steel Mill Report 09/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The vice president of ECB Luis de Guindos indicated that the bank would maintain interest increase till the inflation return to stable mode. The inflation rate expected to reach 10.7% and decrease from mid-2023. • China Machinery Association statistics covering 26 enterprises indciated …

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Iron Ore DCE January Daily Technical Review 08/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded massively during the last half hour for the past two trading days, supported by the short covering. Hourly MACD narrowed above 0 axis. Hourly CCI entered a bullish territory. Iron ore refreshed periodic high, which helped the contract maintain in the rebound tunnel. …

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