Category archives: Ferrous

Iron Ore DCE May24 Daily Technical Review 26/03/24

Verdict- Neutral to Bearish. DCE May24 contract broke previous support at 827.5 and accelerated correction. From hourly chart, MACD widened in bearish territory. Hourly slow stochastic KD deepened correction after three lower dead cross from Mar 22nd to Mar 26th. Hourly CCI was in bearish territory. Short-run signals indicated a lower area in the next …

Continue reading “Iron Ore DCE May24 Daily Technical Review 26/03/24”

Daily Virtual Steel Mill Report 26/03/24

Verdict: • Short-run Neutral.   Macro: • The World Steel Association statistic indicated that total crude steel production at 148.8 million tons, up 3.7% on the year.   Iron Ore Key Indicators: • Platts62 $108.80, -0.30, MTD $110.73. The MACF was traded at fixed price at $107.3 yesterday. All rest of concentrates were facing oversupply …

Continue reading “Daily Virtual Steel Mill Report 26/03/24”

Iron Ore DCE May24 Daily Technical Review 22/03/24

Verdict- Neutral. DCE May24 contract during last night however recovered most of loss during day session. Iron maintain neutral verdict. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD created lower dead crosses during past ten trading hours. Hourly CCI was in neutral area. Be aware of an exhaustion in high area. However there …

Continue reading “Iron Ore DCE May24 Daily Technical Review 22/03/24”