Monthly archives: January 2023

Iron Ore DCE May23 Daily Technical Review 09/01/22

Verdict – Short-term bearish. DCE iron ore May23 contract from hourly candles chart saw a significant reversal pattern, which indicate a potential to test low in next few sessions. A recover on 830.0 would indicate a short-run rebound, however the main trend reversed from a bullish to a correction phase in short-run. The first support …

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Daily Virtual Steel Mill Report 09/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • U.S. non-agriculture claims increased by 223,000 in December, created the smallest increase since December 2020, higher than predicted 200,000. • U.S. Atlantic Federal president Raphael Bostic indicated that the Federal would insist on interest hike to fight high inflation, till interest rate reach …

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