Iron Ore DCE January Daily Technical Review 08/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded massively during the last half hour for the past two trading days, supported by the short covering. Hourly MACD narrowed above 0 axis. Hourly CCI entered a bullish territory. Iron ore refreshed periodic high, which helped the contract maintain in the rebound tunnel. …