Category archives: Ferrous

Iron Ore DCE May Daily Technical Review 14/2/22

Verdict – Short-term neutral. DCE iron ore May22 closed slight higher than the Friday closing, currently iron ore was trade between the narrow range of 761.5- 789.0. Hourly MACD narrowed below 0 axis. Hourly slow stochastic KD potentially create gold cross above oversold area. Hourly CCI entered neutral area. Daily technical signals were indicating a …

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Daily Virtual Steel Mill Report 14/2/22

Market Verdict on Iron Ore： • Neutral. Macro • WTI reached $94.88/barrel, refreshed the high from the year 2014. LME Alumunium also created new high since the year 2008 previous Friday. • Russia and U.S. both retreated the withdraw diplomatic personal and related staff in Ukraine, expecting the tightened geo-political relations. • China Central Bank …

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Iron Ore DCE May Daily Technical Review 11/2/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract fell fast after refreshing the high created from August 5th, creating a short-run roof area around 845.0- 849.0. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected massively from overbought area. Iron ore potentially test …

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