Category archives: Ferrous

Iron Ore DCE May23 Daily Technical Review 23/03/22

Verdict- Bearish in Short-run. DCE May23 contract maintained correction as expected. The stochastic signals lost the sensitivity in a single direction trend after many days. Hourly MACD was closed to neutral area. Hourly stochastic KD was moving along the oversold boundary. The next two support used to be a periodic low previously, which could only …

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Daily Virtual Steel Mill Report 23/03/22

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • U.S. Federal hiked 25 bps interest rate to reach 4.75- 5%, as expected from Fed tools. The market expected a interest decrease before the end of 2023 to stimulate economy growth. • U.S. lowered GDP growth rate to 0.4% in 2023, previously estimated …

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