Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 26/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract rebounded with increasing volume after broke through previous resistance at 721.5. Hourly MACD maintained above 0 axis, as well as the bullish territory after August 19th. Hourly CCI increased significantly in bullish territory. The iron ore trend is in acceleration phase. However be …

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Daily Virtual Steel Mill Report 26/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. federal official indicated that the 3.75- 4% was “approachable”. However inflation expected to last for longer time. • European central bank(ECB) monetary conference note indicated to increase 50 bps would be acceptable.   Iron Ore Key Indicators: • Platts 62% $102.25, -0.25,MTD 105.46. Both …

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Iron Ore DCE January Daily Technical Review 25/08/22

Verdict – Short-term neutral.   DCE iron ore January contract fell into neutral area although created higher highs and higher lows. Iron ore failed to expand volume and daily range narrowed after the early week spike. However iron ore maintained in an ascending tunnel from hourly chart, with strong support above 700.0 level. Hourly slow …

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