Category archives: Ferrous

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

Verdict – Short-term neutral to bullish.   DCE iron ore January contract closed high with new built open interest, however the new positions increased was slight smaller than the positions left yesterday. The money movement was suggesting the current market was cautious on the growth as mid-run. Hourly MACD and CCI both entered bullish territory. …

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Daily Virtual Steel Mill Report 22/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro: U.S. Federal increased 75 bps in September FOMC to 3.00-3.25%. Powell quoted the interest plot matrix that the Federal potentially increase 100-125 bps for the remaining of 2022. The Asian Development Bank released a report of Asian Development Outlook 2022, and lowered the economic growth …

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Iron Ore DCE January Daily Technical Review 21/09/22

Verdict – Short-term neutral.   DCE iron ore January contract tested low and recovered as expected with expanding volunme. However iron ore needs to test the effectiveness of major support at 700.0 level. Hourly CCI moved from bearish territory to neutral area. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were …

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