Monthly archives: September 2023

Iron Ore DCE January 24 Daily Technical Review 18/09/23

Verdict- Neutral. DCE Jan24 contract saw a low high during the day, and potentially entered a consolidation period. Hourly MACD flattened in bearish area. Hourly CCI fell into neutral area. A rejection on 881.5 for next few sessions would stuck the price level into narrower range. The trading was crowded in the range 870 – …

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Daily Virtual Steel Mill Report 18/09/23

Verdict: • Short-run Neutral.   Macro: • FedWatch indicated that the probability of skipping interest hike in September reached as high as 98%. The 25 bps hike probability for November or December reached 60%.   Iron Ore Key Indicators: • Platts62 $125.60, +1.65, MTD $120.66. The seaborne iron ore market saw improved popularity because of …

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