Category archives: News

Iron Ore DCE May24 Daily Technical Review 15/12/23

Verdict- Neutral to Bearish. DCE May24 contract created three consecutive corrections. Iron ore aggregated open interest has decreased by 14% from December 7th. From hourly chart, hourly MACD expanded in bearish territory. Hourly CCI reached bearish territory. Hourly slow stochastic KD corrected. Short-run signals were indicating a continuous testing low in next few sessions. First …

Continue reading “Iron Ore DCE May24 Daily Technical Review 15/12/23”

Daily Virtual Steel Mill Report 15/12/23

Verdict: • Short-run Neutral.   Macro: • Beijing and Shanghai are optimising real estate market policies. Beijing has decreased the down payment ratio to 30% for the first home puchase, and the 40% for the second home purchase. House loans cycle rise from 25 years to 30 years. The lower limit of the interest rate …

Continue reading “Daily Virtual Steel Mill Report 15/12/23”