Iron Ore DCE January Daily Technical Review 28/11/22

Verdict – Short-term neutral. DCE iron ore January contract was traded in huge range during the day. The two rounds of intra-day rebound were rejected below 764.5, periodic high. The low 743.0 was also the important support of late half of last week. Hourly slow stochastic retreated from overbought area to neutral area. Hourly CCI …

Daily Virtual Steel Mill Report 28/11/22

Market Verdict on Iron Ore: • Neutral.   Macro: • German Prime Minister Olaf Scholtz insisted on the ban on Russian oil at the end of this year. The German government plans to levy a profit tax of up to 33% on traditional fossil energy companies such as natural gas, oil and coal. • China …