Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 28/06/22

Verdict – Short-term neutral.   DCE iron ore September contract broke important previous resistance around 790.0 level, which was a upper boundary of a gap. Be aware that aggregated open interest level was still running at three-year high. Gains taking on both sides could trigger a big intra-day level movement. Previous resistance790.0 became the first …

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Daily Virtual Steel Mill Report 28/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • During the first five months of 2022, Chinese industrial enterprises above designated scale reached 3.44 trillion yuan, up 1% on the year. Jan- Apr growth was 3.5%. The revenue growth reached 6.8% on the year.   Iron Ore Key Indicators: • Platts62 $119.60, +4.60, MTD …

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A Room with a Technical View 27/06/22

Capesize July Futures – on the last report we noted that upside moves that failed at or below USD 35,505 will leave the futures vulnerable to further tests to the downside. The futures traded to a high of USD 32,750 before trading below the USD 26,500 and USD 23,625 support levels, to a low of …

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