Monthly archives: January 2023

Iron Ore DCE May23 Daily Technical Review 31/01/22

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract corrected by closing, with the growing volume. Hourly MACD created dead cross. It is worth noting that daily slow stochastic KD and MACD both indicated a bearish divergence with the increasing price movement from December 20th. Moreover, iron ore was in an hourly correction …

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Daily Virtual Steel Mill Report 31/01/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The prosperity index of Eurozone reached 1.3 in January, refreshed new high since July 2022, last -1.5, est. -0.6. • China January Manufacturing PMI 50.1, est. 49.8, last 47. China industrial amount above designated scale at 8.4 trillion yuan in 2022, down 4% from 2021. …

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