Category archives: Ferrous

Daily DCE Review 11/03/22

Iron ore futures rebounded by the end of weeks, after two trading days session of losses, amid market concerns over weak supply and restocking demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.79% day-on-day or up RMB 30 to RMB 822/mt, during the day trading session on Friday. The rebar …

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Iron Ore DCE May Daily Technical Review 11/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract maintained wide range movement during the day and closed slight high compared to yesterday. Hourly MACD narrowed in bearish area. Hourly candles entered a triangle area. Technical signals are indicating a neutral sentiment in short-run. The first support is 800.0, the first resistance is 838.0