Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 30/11/22

Verdict – Short-term neutral. DCE iron ore January contract tested low and recovered loss fast. Hourly MACD entered bearish territory. Hourly slow stochastic KD deepened correction. Short-run technical signals were indicating an exhaustion. Trading volume narrowed significantly. Market was in a watch-and-see mode. The first support is 758.5. The first resistance is 800.0

Daily Virtual Steel Mill Report 30/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Germany October CPI up 10% on the year, lower than estimated 10.4%. • China November official PMI 48, est. 49, last 49.2.   Iron Ore Key Indicators: • Platts62 $101.25, +2.35, MTD $92.88.China CSRC reopened the refinancing of property companies, the continuous sentiment …

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