Monthly archives: December 2022

Iron Ore DCE May23 Daily Technical Review 05/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebound slightly during the trading day as expected, rejected by major resistance at 800.0. May 23 become major contract in DCE with higher open interest. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI retreated to neutral area from bullish area. The intraday …

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Daily Virtual Steel Mill Report 05/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • G7 member countries and Australia reached a consensus to set roof price of Russia export oil at $60/barrel. • U.S. Labor Department statistics indicated that the November Non-Agricultural population reached 263,000 , beyond expected 200,000.   Iron Ore Key Indicators: • Platts62 $107.30, +4.20, MTD …

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