Monthly archives: August 2022

Iron Ore DCE January Daily Technical Review 10/08/22

Verdict – Short-term neutral.   DCE iron ore January contract maintained neutral as expected, closed with a doji pattern. It is worth noticing that daily CCI and slow stochastic KD both created bearish divergence with iron ore price chart, which indicated that the current price was in testing mid-run bearish trend. However short-run signals were …

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Daily Virtual Steel Mill Report 10/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS published July CPI annual rate up 2.7%, expand 0.2% compared with June, refreshed the highest since August 2020. PPI July up 4.2%, narrowed 1.9% compared with June, created consecutive decrease for nine months. Both numbers were lower than expectations.   Iron …

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