Monthly archives: February 2023

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

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract maintained correction as expected in previous trading days. The overlapping of mid-run and short-run bearish cycle finally caused a big correction. Hourly MACD expanded in bearish territory. Hourly slow stochastic KD deepened correction. Hourly CCI maintained in bearish territory. Technical signals were indicating testing …

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Daily Virtual Steel Mill Report 02/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. Federal increased interest rate by 25 bps, and reiterated to continue interest hike in 2023 without mentioning the possibility of interest decrease.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.Physical market started to see great volume today after the derivatives market saw a …

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