Category archives: Ferrous

Daily DCE Review 03/03/22

Iron ore futures extended its upward climb on market optimism on better Chinese steel consumption. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 6.83% day-on-day or up RMB 51 to RMB 797.50/mt, during the day trading session on Thursday. The rebar futures also rose slightly by 0.62% or up RMB 30 …

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Steel & Scrap Close 02/03/22

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Iron Ore DCE May Daily Technical Review 2/3/22

Verdict – Short-term bullish. DCE iron ore May22 rebounded as previous expectation over the last two trading days. However hourly MACD flattened. Hourly slow stochastic KD also flattened. Daily MACD potententially create gold cross. Short-run technical signals are indicating a rebound in continuance. The first support is 732.5, the first resistance is 763.5