Category archives: News

Iron Ore DCE January24 Daily Technical Review 06/11/23

Verdict- Neutral. DCE Jan24 contract consolidated during the day without seeing a direction as expected from previous report. The high of the period witnessed 936.0 -938.0 area, which became a strong resistance. Hourly MACD widened in bearish territory. Hourly slow stochastic KD accelerated the correction in neutral area. Hourly CCI fell from bullish territory to …

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Daily Virtual Steel Mill Report 06/11/23

Verdict: • Short-run Neutral.   Macro: • US October non-agricultural payrolls increased by 150,000, which was lower than expected 180,000. The jobless rate raised to 3.9%, created the highest since January 2022. • Saudi Arab Energy Ministration announced a production cut by 1 million barrals/day, extended to December 2023. The curb was effective from July …

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