Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 10/11/22

Verdict – Short-term neutral. DCE iron ore January contract saw periodic high yesterday at 691.5.The area 691.5- 694.0 used to reverse the rebound trend three times since mid-October. The daily trading volume significantly expand, indicating a huge confliction between buyer and seller’s camps. The last five hourly candles maintained stable. Short-run technical signals were indicating …

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Daily Virtual Steel Mill Report 10/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • The vice president of ECB Luis de Guindos indicated that the bank would maintain interest increase till the inflation return to stable mode. The inflation rate expected to reach 10.7% and decrease from mid-2023. • China October PPI down 1.3% on the year, …

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