Category archives: News

Daily Virtual Steel Mill Report 21/12/23

Verdict: • Short-run Neutral.   Macro: • EIA statistics indicated that US crude oil production reached 13.3 million barrels/day, refreshed historical high. • UK CPI in November down 0.2% on the month, created the first negative number since July.   Iron Ore Key Indicators: • Platts62 $134.95, +1.15, MTD $134.80. Seaborne market regained popularity after …

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Iron Ore DCE May24 Daily Technical Review 20/12/23

Verdict- Neutral.   DCE May24 contract broke last resistance and retreated before closing. The next resistance would be 958.0, where there was many open interests built and some reversals from hourly level. Hourly MACD widened in bullish territory. Hourly CCI reached new high since November 14th. Hourly slow stochastic KD approached the boundary of overbought …

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