Monthly archives: January 2023

Iron Ore DCE May23 Daily Technical Review 16/01/22

Verdict – Short-term neutral to bearish.   DCE iron ore May23 contract corrected as expected last week, the open positions decreased by 100,000 lots during the day with massive retreat in short-run investors before Chinese New Year. Hourly CCI entered bearish territory. Hourly slow stochastic KD corrected after a dead cross created above overbought area. …

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Daily Virtual Steel Mill Report 16/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • China exported 3.32 million automobiles in 2022, up 56.8% on the year. Import 878,000 vehicles, down 6.2% on the year. China produced 27.02 million automobiles, up 3.4% on the year. Sales at 26.86 million vehicles, up 2.1% on the year. • The initial …

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