Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 15/11/22

Verdict – Short-term neutral. DCE iron ore January contract slight rebounded but as expected failed to create effective breakthrough. The open interest continuous to climb with narrowed trading volume. Hourly CCI corrected in neutral area. Hourly MACD fell under 0 axis. Hourly candles were indicating a lower top. Technical signals were indicating and exhaustion in …

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Daily Virtual Steel Mill Report 15/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • OPEC decreased the oil market demand for the fifth time in 2022 since April. The OPEC expected the oil demand in 2022 at 2.55 million barrels/day, down 100,000 barrels/day from last report. • China Tianjin published 14 detailed practices to support automobile consumption. …

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