Monthly archives: December 2022

Iron Ore DCE May23 Daily Technical Review 13/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low at 789.0, recovered loss and returned to neutral rangebound. The next resistance 823.0 used to be a roof area to reverse iron ore bullish market last time. Hourly slow stochastic KD created gold cross above 0 axis. Hourly MACD narrowed in bearish territory. The …

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Daily Virtual Steel Mill Report 13/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • EU planned to impose import tariffs on carbon emissions on steels, cements and polluted commodities, to support the European industries. • China PBOC(central bank): November social financing 1.99 trillion yuan, down 610.9 billion yuan on the year. M2 money supply remains at 264.7 trillion yuan, …

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A Room with a Technical View 12/12/22

Oil Feb 23 Futures – Technically bearish last week, the rejection of the trend resistance warned that the USD 80.61 low could be tested and broken, with a potential near-term downside target at USD 77.66. The futures continued to move lower, with price trading to a low of USD 75.11, before moving higher on an …

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