Category archives: News

Iron Ore DCE January24 Daily Technical Review 30/11/23

Verdict- Neutral. DCE Jan24 contract rebounded during the trading day. From hourly chart, slow stochastic created two higher gold crosses. CCI reached bullish territory. MACD created gold cross and widened in bullish territory. The support on 941.0 was significant, since iron ore saw reversal twice during the past three trading days. A breakthrough on the …

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Daily Virtual Steel Mill Report 30/11/23

Verdict: • Short-run Neutral.   Macro: • European Central Bank Governing Council member said that the first interest rate cut may be carried out in mid-2024, and the bet on the ECB’s interest rate cut in April next year seems a bit optimistic. The governor expected the economy to grow by 2.4% in 2023 and …

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