Monthly archives: March 2024

Iron Ore DCE May24 Daily Technical Review 07/03/24

Verdict- Neutral. DCE May24 contract traded in smaller range as expected. The high of 896.0 created an intra-day resistance for next session. Iron ore in general moved within the 860.5 – 905.0 rangebox as mentioned in early of the week. Hourly slow stochastic KD potentially create dead cross below oversold area. Hourly CCI reached bullish …

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Daily Virtual Steel Mill Report 07/03/24

Verdict: • Short-run Neutral.   Macro: • ADP report said that US private sector employment rate increased by 140,000 jobs in February, created the biggest increase since December 2023. Annual pay up 5.1% on the year. • CPAG Statistics: In February, the global manufacturing PMI was 49.1%. Although it decreased by 0.2% month on month, …

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