Tag archives: TR

Daily Virtual Steel Mill Report 30/05/22

Market Verdict on Iron Ore： • Neutral.   Macro • Shanghai government issued a note to accelerate economy recovery including 50 rules of financial relief. Cancel “white list on resumption” and restrictions of work resumption from June 1st. Allocate a one-time 10,000 yuan subsidy on replacement from fuel vehicles to new energy vehicles. Implement the …

Continue reading “Daily Virtual Steel Mill Report 30/05/22”

Iron Ore DCE September Daily Technical Review 27/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebounded massively with narrowing volume, indicating market reversed to bullish sentiment after defend the 800- 806.0 level with significant huge volume yesterday. Hourly MACD increased above 0 axis. Hourly slow stochastic KD entered overbought area. Hourly CCI current moved in the bullish territory. Technical …

Continue reading “Iron Ore DCE September Daily Technical Review 27/05/22”

Iron Ore DCE September Daily Technical Review 26/05/22

Verdict – Short-term neutral.   DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …

Continue reading “Iron Ore DCE September Daily Technical Review 26/05/22”