Monthly archives: February 2023

Iron Ore DCE May23 Daily Technical Review 07/02/22

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract broke import short-run support at 834.5 during the day session, however recovered some loss. Hourly MACD flattened. Hourly slow stochastic KD flattened. A further breakdown on 828.5 would bring market to mid-run bearish. The first support is 828.5. The first resistance is 858.0  

Daily Virtual Steel Mill Report 02/07/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • China state council outlined a quality improvement in “Chinese Brand”, including upgrading qualities in steels, glasses, ceramics, promoting green steels. • Bloomberg: U.S. planned 200% tariff on Russia Aluminum as soon as this week.   Iron Ore Key Indicators: • Platts62 $124.05, -2.20, …

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