Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 16/11/22

Verdict – Short-term neutral to bullish . DCE iron ore January contract broke the highs of last two trading days, returning to bullish tunnel. However hourly MACD consolidated around 0 axis. Hourly slow stochastic KD potentially create dead cross in overbought area. Iron ore maintain in the ascending tunnel. A breakthrough on 745.5 would indicate …

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Daily Virtual Steel Mill Report 16/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • U.S. PPI up 0.2% in October from September, est. up 0.4%. October PPI up 8% on the year, est. up 8.3%. Core PPI up 6.7% on the year, est. 7.2%. • U.K. P.M. Rishi Sunak announced to increase the minimum wage from GBP9.5 …

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