Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 29/03/22

Verdict- Bullish in Short-run. DCE May23 contract rebounded as expected. In short-run testing the resistance between 895.0 and 900.0 area. A breakthrough would indicate an acceleration on the current upward trend. Hourly slow stochastic created dead cross in overbought area however recovered back to the overbought level. Hourly MACD maintained in bullish territory. First support …

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Daily Virtual Steel Mill Report 29/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China BO’AO Asian Forum expected Asian countries potentially contribute a 4.5% GDP growth in 2023.   Iron Ore Key Indicators: • Platts62 $123.7, +2.05, MTD $127.10. The iron ore market was back to normal as the risk appetite shift back. Physical trades on both float …

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