Category archives: Ferrous

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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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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