Category archives: News

Iron Ore DCE January24 Daily Technical Review 04/12/23

Verdict- Neutral to Bearish. DCE Jan24 contract tested high and gave back all gains. Hourly MACD created dead cross. Hourly slow stochastic KD approached oversold area after creating a dead cross below overbought area. Hourly CCI reached bearish territory. Short-run technical signals were indicating a potential to test low in the next session. First support …

Continue reading “Iron Ore DCE January24 Daily Technical Review 04/12/23”

Daily Virtual Steel Mill Report 04/12/23

Verdict: • Short-run Neutral to Bearish.   Macro: • The U.S. ISM manufacturing PMI index recorded 46.7, which was lower than expected. It was below 50 for the thirteenth consecutive month, setting the longest record in more than 20 years. • Tangshan and eight surrounding cities in Hebei launched Level II emergency alert to heavy …

Continue reading “Daily Virtual Steel Mill Report 04/12/23”