Monthly archives: November 2022

Iron Ore DCE January Daily Technical Review 25/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. For many times, iron ore spiked during the last hour, approaching the half-year high at 757.5. Iron ore returned to the ascending trend. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD approached overbought area. Hourly CCI created the highest …

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Daily Virtual Steel Mill Report 25/11/22

Market Verdict on Iron Ore： • Neutral.   Macro: • ECB indicated at the monetary conference that the bank would consider to “pause” QT if see serious economy recession in long-run.   Iron Ore Key Indicators: • Platts62 $95.20, +1.00, MTD $91.42. The seaborne market saw less bids although macro environment recovered during last two …

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