Monthly archives: March 2023

Iron Ore DCE May23 Daily Technical Review 20/03/22

Verdict- Bearish in Short-run. DCE May23 contract entered a correction phase. The contract broke 900.0 and tested the second support level at 883.0. Hourly CCI entered bearish territory. Hourly MACD maintained in bearish territory after March 14th. Short-run signals were indicating the correction in continuance. First support 860.0. First resistance 900.0.  

Daily Virtual Steel Mill Report 20/03/22

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • China PBOC announced that it will cut Reserve Requirement Rate by 25 bps for Financial institutions starting from March 27th, viewed as a positive sign to the investment market. • UBS to buy Credit Suisse in $3.3 billion to end crisis.   Iron …

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