Category archives: News

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

Verdict- Neutral to Bearish. DCE Jan24 contract created two highs from 995.0 – 998.5. A breakdown on 960.0-963.0 would potentially trigger a mid-run level correction. Be aware of intra-day resistance at 980.0. A rejection on 980.0 would drive price movement towards 963.0 level. Hourly MACD widened in bearish territory. Hourly CCI returned to neutral area …

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Daily Virtual Steel Mill Report 22/11/23

Verdict: • Short-run Neutral.   Macro: • US Federal Reserve policymakers were in positions to proceed carefully on future interest rates move and base any further tightening on progress. • China Ecological and Environmental protection supervision in the third round has been fully launched, several teams were established to conduct one -month pollution supervision work …

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