Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 09/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. However hourly MACD narrowed above 0 axis. Hourly CCI fell from bullish territory to neutral area. The late market indicated a slow down on the push. Be aware that the open interest of DCE aggregated iron ore reached a year-high at …

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Daily Virtual Steel Mill Report 09/11/22

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 Machinery Association statistics covering 26 enterprises indciated …

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