Iron Ore DCE Jan Daily Technical Review 22/11/21

Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …

Daily Virtual Steel Mill Report 22/11/21

Market Verdict on Iron Ore: ·         Neutral to bullish. Macro ·         China PM Li Keqiang held economy conference last Friday emphasizing the practical actions to promote healthy economy and decrease the cost pressure on mid and small capital companies from upstream commodities. ·         China Vice PM Liu He said in a manufacturing conference that financial …