Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 18/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected, breakthrough 745.5 and 755.5 during one trading day. Hourly slow stochastic KD approahced bullish territory. Hourly MACD widened in bullish area. Short-run signals were indicating a rebound in continue. The first support is 742.5 The first resistance is 787.5

Daily Virtual Steel Mill Report 18/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Euro Zone October CPI 10.6% on the year, est. 10.7%, refreshed historical high. CPI up 1.5% on the month. The food and energy price were still major contributors to support Euro Zone inflation. • China automobile production 2.559 million units, up 8.6% on …

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