Monthly archives: July 2024

Iron Ore DCE Jan25 Daily Technical Review 31/07/24

Verdict- Neutral to Bullish. DCE iron ore Jan25 tested low last night and rebounded significantly during the day. The low of the day fell just on the first support we mentioned on last report. Hourly MACD was on bullish territory. However the first two long candles during the morning session with massive volume indicated a …

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Daily Virtual Steel Mill Report 31/07/24

Verdict: • Short-run Neutral to Bullish.   Macro: • The Eurozone GDP in Q2 after adjusted increased by 0.6% on the year and 0.3% on the month, both higher than market expectations. • Glencore copper production in H1 2024 was 462,600 tons, decreased by 5% on the year. Nickel production decreased by 5% at 44,200 …

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