Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 01/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract corrected significantly during the day, the low of the day fell on the important resistance at 745.0, which was a Fibonacci number in range 698.5- 822.5. Hourly MACD widened below 0 axis. Hourly slow stochastic KD entered oversold area without seeing signs of …

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Daily Virtual Steel Mill Report 01/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • Opec and Non-Opec oil production countries decided to increase 648,000 barrels of crude oil production in August. • Global central banks revealed that inflation control was the most important thing although the process potentially eliminate the economy growth.   Iron Ore Key Indicators: • Platts62 …

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