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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Daily Virtual Steel Mill Report 26/04/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The draft of China banks’ mortgage approvals became a sign for the levy of real estate tax. However most of house analysts believed that the tax potentially take many years to land. Moreover, some big southern cities eased house buying restrictions for non-residents. …

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