Daily Virtual Steel Mill Report 17/04/22

Market Verdict on Iron Ore: • Neutral.   Macro: • ECB official indicated that to stop interest hike or to increase by 25 bps or potentially become major decision of the next meeting, instead of a 50bps hike.   Iron Ore Key Indicators: • Platts62 $118.90, -0.05, MTD $120.42. Physical traders expected active trading activities …

Iron Ore DCE September23 Daily Technical Review 13/04/22

Verdict- Neutral to Bearish. DCE Sep23 contract broke important support at 771.0. Thus iron ore returned to the bearish trend. Hourly CCI ticked up by the last two trading hours, however in the bearish territory. Hourly slow stochastic KD potentially create gold cross in oversold area. Hourly MACD widened in bearish territory. Iron ore potentially …