Category archives: Ferrous

Iron Ore DCE September Daily Technical Review 26/4/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract rebounded slightly, however trading volume slumped by 30%, indicating the market currently has limited motive to reverse market back to bull. Hourly MACD potentially create gold cross. Hourly slow stochastic KD rebound fast after created a gold cross in oversold area. However the …

Continue reading “Iron Ore DCE September Daily Technical Review 26/4/22”

Daily Virtual Steel Mill Report 26/4/22

Market Verdict on Iron Ore： • Neutral.   Macro • China central bank PBOC decided to decrease foreign exchange deposit rate by 1% to 8%, effective from May 15th. CNH appreciated 389 basis points after a 1766 depreciation over the previous four trading days. • US Treasury Secretary Yellen hinted that in order to get …

Continue reading “Daily Virtual Steel Mill Report 26/4/22”