Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 20/09/22

Verdict – Short-term neutral.   DCE iron ore January contract recovered from the low open during the day, however hit down last half trading hour. Iron ore technically entered a desending tunnel from hourly candles. However there was chance to see slight rebound as previous four rounds in this chart. Hourly MACD remained in bearish …

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Daily Virtual Steel Mill Report 20/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NDRC would accelerate financial investment tools total amount 300 billion yuan to help infrastructure projects landing. • Moody decreased global GDP to 2.4% from 2.9% in June, dragged by the energy crisis in Europe, inflation and tightened monetary policies in global countries. …

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