Monthly archives: July 2023

Iron Ore DCE September23 Daily Technical Review 10/07/23

Verdict- Bearish. DCE Sep23 contract extended the weak sentiment last Friday. Iron ore broke mid-run level support, or the neckline around 814.0-816.0. The last rebound reached 816.0, however iron ore accelerated correction after lost the neckline area. Hourly slow stochastic KD entered bearish territory after creating several dead crosses. Hourly MACD widened in bearish territory. …

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Daily Virtual Steel Mill Report 10/07/23

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • China June CPI unchanged on the year, down 0.2% from May. China June PPI down 5.4% on the year, down 0.8% from May. • Initial jobless claim in U.S. for the week ended July 1st increased by 12,000 to 248,000, est. 245,000, indicating …

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