Tag archives: MR

Iron Ore DCE January Daily Technical Review 16/08/22

Verdict – Short-term neutral.   DCE iron ore January successfully broke the neckline level at 713.5 recovered most of loss from last trading day. Thus, iron ore return to neutral level. Hourly slow stochastic KD created a gold cross. Hourly MACD potentially create gold cross. Technical signals were indicating a neutral sentiment.   The first …

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Daily Virtual Steel Mill Report 16/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese central bank PBOC lowered one-year length Medium Lending Facility rate from 2.85% to 2.75%. Market expect Loan Prime Rate in China should follow the decrease soon. • NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was …

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