Monthly archives: September 2023

Iron Ore DCE January24 Daily Technical Review 11/09/23

Verdict- Neutral. DCE Jan24 contract rebounded significantly with growing open interests, symbolising the entrance of new buyers. Hourly MACD returned to bullish territory. Hourly slow stochastic KD approached overbought area. Hourly CCI entered bullish area. In mid-run, a recovery on 865.5 would indicate the market return to bullish run. First support 826.5. First resistance 865.5. …

Continue reading “Iron Ore DCE January24 Daily Technical Review 11/09/23”

Daily Virtual Steel Mill Report 11/09/23

Verdict: • Short-run Neutral.   Macro: • China Newspaper saw credit growth rebound in August, when policy makers are likely to use RRR cuts and other financial tools to flexibly maintain at low cost funding to the banking system. • Guangzhou, China scrapped price limit on new homes by decreasing the mortgage rate at Loan …

Continue reading “Daily Virtual Steel Mill Report 11/09/23”