Monthly archives: January 2023

Iron Ore DCE May23 Daily Technical Review 17/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract consolidated and closed with a doji. Trading volume decreased with slower price movement and stable open interest, indicating the volatility of iron ore in short-run potentially decrease. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI left bearish territory. The first support is …

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Daily Virtual Steel Mill Report 17/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • The China Banking and Insurance Regulatory Commission issued a message that it should focus on expanding domestic demand and lead the banking and insurance industry to give priority to supporting recovery and expanding consumption, including issuing relevant financial products, supporting consumption in housing, …

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