Iron Ore DCE January Daily Technical Review 25/10/22

Verdict – Short-term neutral. DCE iron ore January contract corrected, however recovered some losses during the day. Short-run supported by 662.5- 664.0 area, initiated two rounds of rebound during the past five trading days. Hourly slow stochastic KD potentially create gold cross near oversold area. Hourly CCI potentially breakthrough from bearish territory to neutral area. …

Daily Virtual Steel Mill Report 25/10/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • U.S. October Manufacturing PMI 49.9, refreshed new low since June 2020. • Chinese January to September crude steel production 780.83 million tons, down 4.3% on the year. Total coal production 3320 million tons, up 11.2% on the year. Total crude oil production 153.75 …