Monthly archives: October 2022

Iron Ore DCE January Daily Technical Review 27/10/22

Verdict – Short-term neutral to bearish. DCE iron ore January contract broke the last defense at 652.0 as long-run support. Iron ore fell into bearish territory. A return to neutral needs to breakthrough 667.0 as intra-day high. Hourly MACD widened below 0 axis. Hourly slow stochastic KD entered bearish territory. CCI rejected by the lower …

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Daily Virtual Steel Mill Report 27/10/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. dollar index depreciated fast from 113.93 to 109.53 since Oct 21st. Non-U.S. currency appreciated significantly during this week. Chinese yuan appreciated over 1200 bps yesterday. • World Bank: Due to the EU embargo, insurance and shipping restrictions, Russia’s oil exports may decrease by up …

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