In today’s briefing:
- Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY
Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY
- Mixed steel prices reflected short-term boosts from rising hot metal output and policy support, offset by lingering property sector woes, trade uncertainties, and structural market challenges.
- IO prices consolidated and closed slightly above the 200-day DMA indicating the strengthening of the bullish trend. Bulls risk facing a consolidation or downward correction from these levels.
- Managed Money, Physicals participants & Others are net short with 129.1k, 5.1k & 18.6k lots respectively across all F&O expiries. Managed Money decreased net shorts while FIIs decreased net longs.
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