Tag archives: IO

Iron Ore DCE September23 Daily Technical Review 27/04/22

Verdict- Neutral to bullish. DCE Sep23 contract opened high and corrected to lower level before closing. In general, iron ore still in a slow rebound structure. Iron ore could regain support fast unless a breakdown on 698.5. Hourly MACD maintained in bullish territory. Hourly CCI corrected after rejected by bullish area. However, iron ore movement …

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Daily Virtual Steel Mill Report 27/04/22

Market Verdict on Iron Ore： • Bullish.   Macro: • IEA said in its global electronic vehicle outlook that EV sales are expected to grow 35% on the year to 14 million units, accounted for 18% of the market value. The electronic power in automobile market estimated an equivalence to 5 million barrels of decrease …

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Iron Ore DCE September23 Daily Technical Review 26/04/22

Verdict- Neutral to bullish. DCE Sep23 contract rebounded after refreshed periodic low at 698.5. The level 698.5- 700.0 area became an important support, as iron ore rebounded fast after touched the level. Hourly MACD created gold cross. Hourly slow stochastic rebounded after created a gold cross above oversold area. In short-run iron ore potentially recover …

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