Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 15/3/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract corrected massively and entered a bearish trend. Hourly MACD widened below 0 axis. Hourly slow stochastic KD widened after a dead cross. Hourly CCI entered a bearish territory. Hourly and daily candles created a roof area and indicating the start of a correction in …

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Daily Virtual Steel Mill Report 15/3/22

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. Five-Year Treasury Bond up 6 basis point yesterday and breakthrough 2% first time for the previous six years. Ten-Year Treasury bond also reached 2.05%. Forex traders believed that there would be seven interest rate increase for the year 2022 and expected 80% possibility for interest …

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A Room with a Technical View 14/03/22

Capesize April Futures – We had a near-term upside target at USD 31,156 last week based on the William’s method of price projection, the futures traded up to a high of USD 31,000 before entering a corrective phase. Key support on the daily technical is at USD 21,232, downside moves that hold at or above …

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Iron Ore DCE May Daily Technical Review 14/3/22

Verdict – Short-term bearish. DCE iron ore May22 contract corrected massively and entered a bearish trend. Hourly MACD widened below 0 axis. Hourly slow stochastic KD widened after a dead cross. Hourly CCI entered a bearish territory. Hourly and daily candles created a roof area and indicating the start of a correction in mid-run. The …

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