Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 01/08/22

Verdict – Short-term neutral.   DCE iron ore Sep22 are rolling to Jan23, expected to finish within the week. Thus, it should be hard for September contract to attract more new buyers in the aftermarket. The contract was hit shortly after refreshing new high of the month. Hourly MACD maintained weak. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 01/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China PM Li Keqiang held conference after the political conference held last week to promote investment and consumption, including acceleration on local debts, investment projects in the central budget, automobile consumption, green energy home appliances and green building materials. • China July PMI …

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Iron Ore DCE September Daily Technical Review 29/07/22

Verdict – Short-term neutral.   DCE iron ore September corrected with both decreasing open interest and volume. Thus, iron ore potentially faces a correction or consolidation. Hourly slow stochastic KD corrected to neutral area after a dead cross created in overbought area. Hourly MACD created dead cross.   The first support is 755.5. The first …

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