Monthly archives: February 2023

Iron Ore DCE May23 Daily Technical Review 14/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract rebounded during the day, as expected the iron ore maintained rangebound between 840- 860 during most of time in February. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI potentially enter bullish territory. Hourly MACD potentially create gold cross. The first support is …

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Daily Virtual Steel Mill Report 14/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • EU increase the growth rate of economy from 0.3% to 0.9%. At the same time, EU decreased the inflation expectation from 6.1% to 5.6% in 2023. EU indicated that Euro potentially had escaped technical recession.   Iron Ore Key Indicators: • Platts62 $121.85, …

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