Monthly archives: November 2022

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

Verdict – Short-term neutral to bullish. DCE iron ore January contract saw a big spike with 40% bigger volume and significant new built new long positions in the market. Hourly MACD entered bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought area. Short-run iron ore potentially extend the rebound in an ascending …

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Daily Virtual Steel Mill Report 11/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • U. S. October CPI up 7.7%, lower than 8.2% at September, lower than expected. created the smallest since January 2022. U. S. stock index and industrial commodities rebound following the news. 10-Year Note yield fell below 4%. Investors expected a slowdown on interest …

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