Verdict – Short-term neutral. DCE iron ore January contract maintained consolidation for the second trading day. Hourly MACD narrowed above 0 axis. Hourly CCI entered neutral area. Short-run technical signals were indicating a neutral sentiment currently. The first support is 678.0. The first resistance is 700.0
Category archives: Ferrous
Iron Ore Offshore November 22 Morning Technical Comment – 240 Min Chart 19/10/22
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Daily Virtual Steel Mill Report 19/10/22
Market Verdict on Iron Ore: • Neutral. Macro: • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. Industrial production growth rate increased 0.4% in September compared with …
BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22
Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output. It produced 72.1mn t of iron ore during July-September, up by 2.2pc on a year earlier, reflecting a firm supply chain performance and reduced Covid-19 related impact, which was partially …
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Ferrous Analysis Report 18/10/22
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European Close 18/10/22
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Coking Coal Report 18/10/22
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Iron Ore November 22 (rolling Front Month) 18/10/22
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Singapore Iron Ore Derivatives Report 18/10/22
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Steel and Scrap Morning Report 18/10/22
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