Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 11/4/22

Verdict – Short-term bearish. DCE iron ore September contract corrected as expected. Hourly MACD created a typical short structure as MA40 and MA60 created a dead cross. Hourly CCI was in a bearish territory. The intra-day loss was majorly due to the previous long positions started to take gains, which potentially created a mid-run level …

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Daily Virtual Steel Mill Report 11/4/22

Market Verdict on Iron Ore： • Bearish.   Macro • U.S. last week jobless claim reached 166,000, a new low since the year 1968. Est. 200,000, last 202,000. • China Security News: The analysts indicated that the market potentially see interest rate decrease in Q2. Iron Ore Key Indicators: • Platts62 $154.65, -0.40, MTD $158.56. …

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Iron Ore DCE September Daily Technical Review 08/04/22

Verdict – Short-term neutral bearish.   DCE iron ore September contract corrected as expected in last report. Hourly slow stochastic KD created a second dead cross which was lower than the previous created in last trading day. Hourly CCI was on the boundary of neutral and bearish territory. Short-run signals were indicating a consolidation but …

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