Category archives: Ferrous

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

Verdict- Bearish in Short-run. DCE May23 contract entered a correction phase as expected. The current iron ore accelerated correction each time broke important support level. All support level from our reports become the significant intra-day support. Hourly MACD in bearish territory. Hourly CCI maintained in bearish territory. The market potentially stay in bearish mode without …

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Daily Virtual Steel Mill Report 21/03/22

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • CME FedWatch indicated that the 25 bps interest hike in March had reached 87.1%. • U.S. Finance Minister said that if small banks encounter a run and risk out-spread, they are willing to intervene to protect deposits.   Iron Ore Key Indicators: • …

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