Monthly archives: February 2023

Iron Ore DCE May23 Daily Technical Review 15/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract corrected the second high of February and then corrected. As expected the iron ore maintained rangebound between 840- 870 during most of time in February. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI potentially retreated to neutral area from bullish area. Technical …

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Daily Virtual Steel Mill Report 15/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • EU published winter report in 2023, increased the economic growth rates of EU and Euro Zone to 0.8% and 0.9%. • U.S. January CPI fell from 6.5% to 6.4%, created a 7-month drop, refreshed new low since October 2021, however higher than expected 6.2%. Core …

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