Iron Ore DCE January Daily Technical Review 17/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract tested low and rebounded. Intra-day refreshed a periodic high with slight improving trading volume. Hourly MACD in slight bearish territory. However daily MACD moved aggressively in bullish territory. Both short-run and mid-run technical signals were indicating a rebound in the aftermarket. The first support …

Daily Virtual Steel Mill Report 17/11/22

Market Verdict on Iron Ore: • Neutral.   Macro: • UK CPI up 11.1% in October, refreshed the highest since 1982, est. 10.7%, last 10.1%. • U.S. November NAHB housing index at 33, refreshed new low since April 2020, est. 36, last 38.   Iron Ore Key Indicators: • Platts62 $98.10, +2.40, MTD $89.25. Iron …