Iron Ore DCE September23 Daily Technical Review 15/06/23

Verdict- Neutral. DCE Sep23 contract rebounded slightly during the trading day, a further breakthrough on 820.5 would potentially drive iron ore into a fast growing phase. Otherwise iron ore is expected to build a periodic roof area from 802.0 – 820.5. Hourly CCI fell out of bullish territory. Hourly MACD was flat during past 4-5 …

Daily Virtual Steel Mill Report 15/06/23

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. lowered the unemployment rate expectation to 4.1%, est. 4.5%. U.S. PPI in May up 1.1%, refreshed new low since December 2020, est. 1.5%, last 2.3%. PPI down 0.3% on the month, est. down 0.1%, last increase 0.2%. • U.S. FOMC announced to maintain unchanged …