Category archives: News

Iron Ore DCE January 24 Daily Technical Review 20/09/23

Verdict- Neutral. DCE Jan24 contract rebounded slightly, however maintained in the range from 859.0 -881.5. A breakthrough on the range box would potentially mean a reversal, otherwise iron ore maintain neutral. Hourly slow stochastic KD weakened. Hourly CCI approached bullish area. Hourly MACD narrowed in bearish area. First support 859.0. First resistance 881.5.  

Daily Virtual Steel Mill Report 20/09/23

Verdict: • Short-run Neutral.   Macro: • The OECD increased economy growth to 3.0% from 2.7% for 2023, and decreased growth rate from 2.9% to 2.7% for 2024. • IMF governor Alfred Kammer indicated that the ECB cannot afford interest cut in 2024.   Iron Ore Key Indicators: • Platts62 $122.75, -1.70, MTD $121.15. JMBF …

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