Daily DCE Review 9/2/22

Iron ore futures slipped from previous rally, after state authority urged for more transparency in price discovery for the raw material. The futures of Dalian Commodity Exchange (DCE) for May delivery then plunged down by 5.90% day-on-day or down RMB 49 to RMB 781/mt, during the day trading session on Wednesday. The rebar futures also …

Iron Ore DCE May Daily Technical Review 8/2/22

Verdict – Short-term neutral to bearish. DCE iron ore May22 contract retreated significantly during the last half hour with increasing volume. Hourly MACD created a dead cross. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI created bearish divergence with candles before the last trading hour. Iron ore potentially test low in …