Category archives: News

Iron Ore DCE January24 Daily Technical Review 05/09/23

Verdict- Neutral. DCE Jan24 contract was majorly traded in the range 836.5- 865.5 during the past three trading days. Hourly slow stochastic KD saw correction after a few lower dead crosses. Hourly CCI corrected from bullish area and approached bearish area. Hourly MACD widened in bearish territory. In short-run maintain neutral outlook unless a breakthrough …

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Daily Virtual Steel Mill Report 05/09/23

Verdict: • Short-run Neutral.   Macro: • The ECB indicated that the Euro zone was in a high inflation mode and urged to bring inflation rate back to 2%. • The Chinese government has laid out a work plan to maintain steady growth for its automotive industry during 2023-24, expecting a 3% sales growth in …

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Iron Ore DCE January24 Daily Technical Review 04/09/23

Verdict- Neutral. DCE Jan24 contract tested high and corrected quickly in the afternoon, finally supported by 836.5 area. Hourly CCI corrected from 4-week high. Hourly slow stochastic KD created two consecutive lower dead crosses. Hourly MACD created dead cross. Iron ore potentially regain support if standing on 836.5 for several sessions. First support 836.5. First …

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