Iron Ore DCE May23 Daily Technical Review 13/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract retreated from high during the day, as expected failed to extend gains. Mid-run MACD(daily chart) indciated a 35-trading-day in bearish territory, which created a bearish divergence with previous upticking price. Hourly slow stochastic KD created dead cross in February 10th and maintained weak. The first support …

Daily Virtual Steel Mill Report 13/02/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China January CPI up 2.1% on the year, lower than expected 2.3%, up 0.8% on the month, refreshed new high since January in 2021. China January PPI down 0.8% on the year, down 0.4% on the month.   Iron Ore Key Indicators: • Platts62 $126.10, …