Category archives: News

Iron Ore DCE January24 Daily Technical Review 17/11/23

Verdict- Neutral to Bearish. DCE Jan24 contract corrected, thus the periodic high was confirmed at 995.0 for mid-run. Hourly MACD widened in bearish territory. Hourly slow stochastic KD was descending to lower level during the past five trading days. The next resistance would be the last reversal level at 947.0. First support 947.0. First resistance …

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Daily Virtual Steel Mill Report 17/11/23

Verdict: • Short-run Neutral to Bearish.   Macro: • US jobless claims last week at 231,000, refreshed the highest since August 19th, est. 220,000, last 218,000.   Iron Ore Key Indicators: • Platts62 $132.40, +0.40, MTD $128.38. Iron ore saw some BHP cargoes trade and low grade trade yesterday. MACF was traded at $130.9/mt. NHGF …

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