Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 15/08/22

Verdict – Short-term neutral.   DCE iron ore January broke down important support at 713.5, which was the neckline of a top reversal pattern. Unless iron ore recover this level with much higher price, iron ore entered a short-run correction phase. Hourly slow stochastic KD created lower dead cross. Hourly MACD created lower dead cross. …

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Daily Virtual Steel Mill Report 15/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • The U.S. House passed Inflation Reduction Act in 2022. The Act will focus on increase company taxes, reaction to environmental changes, decrease prescription medicines and decrease financial deficit. • Chinese July new issued loans 679 billion yuan, M2 up 12% on the year. The difference …

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Iron Ore DCE January Daily Technical Review 12/08/22

Verdict – Short-term neutral.   DCE iron ore January gave back gains from previous day and still resisted by roof area from 745.0 – 755.0. In general the price movement remained in rangebound as expected. Trading volume was in similar amount during the past five trading days. Iron ore approached the neckline observed from 15 …

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