Iron Ore DCE September Daily Technical Review 26/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong as expected. Hourly MACD widened above 0 axis. Hourly CCI stayed in bullish territory. Iron ore hourly candles rebounded following a ladder shaped ascending structure. Short-run technical signals were indicating continuing rebound.   The first support is 703.5. The first resistance is …

Daily Virtual Steel Mill Report 26/07/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • ECB official Kazaks indicated that the big interest hike expected to continue. • China Industry of Steel Association and India Steel Association held video conference to communicate the future corporation in iron ore and coals. • China Evergrande group, the house developer with …

China Plans To Launch A Real Estate Fund To Support Property Sector 26/07/22

China plans real estate fund worth up to $44 billion for distressed sector, source says   China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to …