Iron Ore DCE September Daily Technical Review 10/06/22

Verdict – Short-term neutral to bearish.   Iron ore started to slowly head down after rejected on the strong resistance of 945- 948.0 during the week, DCE saw IO interest around two-year high. Maintaining the view from previous reports, it is hard to expect a big breakthrough given a limited amount of new buyers. Hourly …

Iron Ore Drops As Covid Cases Rebound In Major Chinese Cities 10/06/22

Iron Ore Drops Below $140 With China Virus Fears Resurfacing   Iron ore fell for a second straight day in Singapore on signs China’s exit from virus restrictions islikely to be far from smooth. The steel-making ingredient dipped below $140 a ton after Shanghai said it will lock down eight districts this weekend to mass …