Iron Ore DCE January Daily Technical Review 26/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract rebounded with increasing volume after broke through previous resistance at 721.5. Hourly MACD maintained above 0 axis, as well as the bullish territory after August 19th. Hourly CCI increased significantly in bullish territory. The iron ore trend is in acceleration phase. However be …