Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 19/09/22

Verdict – Short-term neutral.   DCE iron ore January contract entered a descending tunnel as lower highs and lows during past three trading days. However the last two day saw decreasing volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross below overbought area. Once iron ore broke down 700.0 with …

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Daily Virtual Steel Mill Report 19/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Super Central Bank week: Ten countires including U.S. Federal would finalise the interest rate decision during this week. • U.S. Shale oil and gas companies announced European buyers that they can’t provide additional energies in this winter. Once Europe ban on Russia oil …

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Daily Virtual Steel Mill Report 16/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • The biggest four National Banks in China decreased saving rate in September 15th. • U.S. Shale oil and gas companies announced European buyers that they can’t provide additional energies in this winter. Once Europe ban on Russia oil taking into effect, oil supply …

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