Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 23/09/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract corrected significantly during the last trading hour, gave back major gains from yesterday. Iron ore expected to consilidate in 700.0 – 728.0 range area in short-run. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross below overbougt area. Hourly …

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Daily Virtual Steel Mill Report 23/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • BOE hiked interest rate by 50 bps to 2.25%, in line with expectations. • The Asian Development Bank released a report of Asian Development Outlook 2022, and lowered the economic growth forecast of developing Asian economies to 4.3% this year, compared with 5.2% …

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