Monthly archives: December 2022

Iron Ore DCE May23 Daily Technical Review 15/12/22

Verdict – Short-term neutral to bullish. DCE iron ore May23 contract returned to bullish tunnel after broke previous high at 823.0. Hourly slow stochastic KD created three higher gold cross, approaching overbought area. Hourly MACD widened in bullish territory. Short-run technical signals were indicating a potential to test highs in the next few sessions. The …

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Daily Virtual Steel Mill Report 15/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The U.S. Federal Reserve raised interest rates by 50 basis points in the last FOMC in 2022 as expected, and the benchmark interest rate rose to a new 15 year high of 4.25% – 4.5%, and reiterated that it was “possible” and appropriate to continue …

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