Category archives: Ferrous

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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Daily Virtual Steel Mill Report 14/3/22

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         As the Chinese domestic financial data in February exceeded expectations, the further monetary ease was expected in the near future. ·         A member of the Russian delegation to the Russia Ukraine negotiations, said that “substantial progress” had been made in the negotiations with Ukraine. …

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