Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 29/3/22

Verdict – Short-term neutral. DCE iron ore Sep22 contract traded in a narrower range bound as expected yesterday. Hourly CCI broke down 100. In addition, hourly slow stochastic KD created dead cross yesterday and deepened the correction. Hourly MACD created dead cross. Technical signals were indicating a potential to test low in the next session. …

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Daily Virtual Steel Mill Report 29/3/22

Market Verdict on Iron Ore： • Neutral. Macro • G7 countries refused to pay Russian gas in Rubles. • OPEC+ indicated that they will maintain moderate increase on production. Iron Ore Key Indicators: • Platts62 $152.40, +1.60, MTD $149.99. Iron ore portside and seaborne both saw much higher offers on last Friday as trade sources …

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A Room with a Technical View 28/03/22

Capesize April Futures – The RSI has moved below 50 with price now trading below the USD 21,232 support, from a technical perspective the trend is considered as neutral. Downside moves below USD 16,200 fractal support will create a lower low will meaning the technical is bearish. Upside moves that fail at or below USD …

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