Monthly archives: March 2023

Iron Ore DCE May23 Daily Technical Review 13/03/22

Verdict- Neutral in Short-run DCE May23 contract recovered major losses in Friday, returning to consolidation area. Hourly MACD was flat. Hourly CCI and Hourly slow stochastic KD maintained neutral. In short-run iron ore needs to test the range level from 900 – 932.5, otherwise there is no trend in short-run First support 900.0. First resistance …

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Daily Virtual Steel Mill Report 13/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. February non-farm payroll increased by 311,000, estimated up 225,000, last 517,000. U.S. February jobless rate at 3.6%, est. 3.4%, last 3.4%. • U.S. federal reserve announced emergency bank financing program(BTFP). The Ministry of Finance will provide $25 billion to support bank loans. According to …

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