Iron Ore DCE January24 Daily Technical Review 07/11/23

Verdict- Neutral to Bearish. DCE Jan24 contract traded in a narrow range during the day. The intraday high reached 932.5, which was below 936.0 -938.0 area as a strong resistance mentioned from last report. Hourly MACD widened in bearish territory. Hourly slow stochastic KD accelerated the correction in neutral area. Hourly CCI fell from neutral …

Daily Virtual Steel Mill Report 07/11/23

Verdict: • Short-run Neutral.   Macro: • BOE chief economist Huw Pill said UK inflation will soon fall in line with the lower rates as the rest of the world, with less spending on energy sector. • According to data from the China Federation of Logistics and Purchasing, the global PMI index in October was …