Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 12/01/22

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Daily DCE Review 12/1/22

Iron ore futures extended gains on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.07% day-on-day or up RMB 22 to RMB 737.50/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.32% day-on-day or …

Iron Ore DCE May Daily Technical Review 12/1/22

Verdict – Short-term bullish. DCE iron ore May22 contract broke previous high at 717.5 and entered a fast growth tunnel. Hourly slow stochastic KD potentially create dead cross above overbought area. Hourly CCI potentially softened from bullish territory. Short-run technical were indicating an exhaustion temporarily, the sustained growth needs to comply with increasing volume and …