Monthly archives: December 2022

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

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract retreated back to slight bearish trend after rejected by 823.5 and 808.5 respectively. If a breakdown on 800.0, iron ore potentially accelerate the intraday correction in next few sessions. Hourly MACD widened below bearish territory. Hourly slow stochastic KD reached oversold area after created …

Continue reading “Iron Ore DCE May23 Daily Technical Review 12/12/22”

Daily Virtual Steel Mill Report 12/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF predicted the global economy growth rate at 2.7% in 2023, there was 25% probability that the growth rate would be lower than 2%. IMF predicted that at least 1/3 of the countries would fall into economic recession.   Iron Ore Key Indicators: • Platts62 …

Continue reading “Daily Virtual Steel Mill Report 12/12/22”