Iron Ore DCE January Daily Technical Review 23/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January successfully breakthrough the important resistance at 700.0, which used to be a level to see the most market reversals since the contract listed. Thus, 700.0 level is also seen as an intra-day level support from now on. Hourly slow stochastic KD created gold cross …

Saudi Says OPEC+ Could Cut Output At Any Time 23/08/22

Saudi Minister Says OPEC+ Could Cut Production At Any Time   Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman dangled the threat of potential OPEC+ production cuts that could come at any time. In an interview with Bloomberg on Monday, the Saudi energy minister said that “extreme volatility” was …