Ferrous Archives - Page 75 of 697

European Close 22/02/24

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London Iron Ore Market Report 22/02/24

Iron Ore Market Daily Report 22/02/24

Iron Ore Offshore March 24 Morning Technical Comment – 240 Min Chart 22/02/24

Iron Ore DCE May24 Daily Technical Review 22/02/24

Verdict- Neutral to Bearish. DCE May24 contract closed 50 cents higher than yesterday. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD left oversold area to neutral area. Iron ore saw a decrease on trading volume and a doji on daily candle, indicating a potential exhaustion on previous trend. However iron ore was still …

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Daily Virtual Steel Mill Report 22/02/24

Verdict: • Short-run Neutral to Bearish. Macro: • According to data from the China Association of Automobile Manufacturers, in January, the production and sales of commercial vehicles reached 327,000 and 324,000 respectively, a decrease of 10.7% and 11.1% month on month, and a year-on-year increase of 66.2% and 79.6%, respectively. Iron Ore Key …

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European Close 21/02/24

Iron Ore Market Daily Report 21/02/24

Iron Ore Offshore March 24 Morning Technical Comment – 240 Min Chart 21/02/24

Iron Ore DCE May24 Daily Technical Review 21/02/24

Verdict- Neutral to Bearish. DCE May24 contract corrected as expected from previous report. Hourly MACD widened in bearish territory. Hourly slow stochastic KD entered oversold area. Iron ore tested high however rejected by 928.0 level. Iron ore maintained a downward trend. First support 893.5. First resistance 928.0