Monthly archives: March 2023

Iron Ore DCE May23 Daily Technical Review 09/03/22

Verdict – Short-term neutral. DCE iron ore May23 contract tested low and rebounded in late market. Iron ore was largely waiting for direction as expected in previous reports during this week. Hourly CCI entered bullish area. Hourly MACD flattened. Iron ore was moving in the range from 873.0 to 923.5. The first support is 873.0. …

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Daily Virtual Steel Mill Report 09/03/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. January ADP new added jobs 242,000, higher than expected 200,000. Job vacancies in the month dropped to 10.8 million. • China January CPI up 1% on the year, estimated 1.9%, last 2.1%. China January PPI down 1.4% on the year, estimated 1.3%, last down …

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