Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 18/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September recovered the loss from previous trading day, following the rebound of all commodities, after a clearly oversold sentiment priced-in the market over last week. If a breakthrough on 695.0, iron ore potentially maintain the fast rebounding. Otherwise, iron ore potentially enter a narrowing consolidation …

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Iron Ore Rebounds Slightly As China Asks Banks To Support Property Sector 18/07/22

Iron ore’s brutal decline that saw it tumble nearly 15% last week has been halted, after reports emerged that China’s government has stepped in to resolve the wave of homebuyers’ defaults that sent shockwaves across the economy. Reports that authorities are weighing in and guiding banks to ease credit flows to property developers saw prices …

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Iron Ore DCE September Daily Technical Review 15/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September down , created the biggest single day drop since Jun 20th. The gap area from 677- 694.5 became the major resistance area. Hourly CCI slightly picked up approaching the boundary of neutral area. Technical signals were indicating a potential to test low in next …

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Daily Virtual Steel Mill Report 15/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • “Hawkish” U.S. Federal official James Bullard favors 75 basis point hike in July, reversed previous view on 100 basis points. FedWatch suggested that the probability of 100 bp hike dropped from 80% to 45% in a day. • China NDRC indicated that the 3% CPI …

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