Daily Virtual Steel Mill Report 15/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The U.S. recorded an annual CPI of 6% in February without quarterly adjustment, which has declined for the eighth consecutive month and is the lowest since September 2021. The monthly CPI rate of the U.S. recorded 0.4% after the quarterly adjustment in February, the lowest …

Iron Ore DCE May23 Daily Technical Review 14/03/22

Verdict- Neutral in Short-run DCE May23 contract consolidated in the previous expected rangebound from 900.0 – 936.0. It is hard to see a direction unless a breakthrough on current range. Hourly slow stochastic KD created dead cross beneath the overbought area. Hourly CCI potentially entering bearish territory. Hourly MACD created dead cross. First support 900.0. …