Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 15/05/22

Verdict- Neutral to bullish. DCE Sep23 contract recovered loss from last Thursday and Friday. From hourly chart, iron ore MACD expanded in bullish territory. CCI entered bullish territory. Slow stochastic entered ascending tunnel. The daily candle saw an improving trading volume and interest. In short-run, iron ore expected to test high in the next few …

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Daily Virtual Steel Mill Report 15/05/22

Market Verdict on Iron Ore： • Neutral.   Macro: • According to Reuters News, the deadlock in raising the federal government’s $31.4 trillion borrowing limit in the U.S. is exacerbating concerns about the global economy. The latest report from the Congressional Budget Office (CBO) pointed out that a “significant risk” of a historic default may …

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