Category archives: Uncategorized

A Room with a Technical View 15/11/22

Oil Jan – 23 January 23 Futures – Technically bullish on the last report, the downside move below USD 94.53 meant the technical had a neutral bias, resulting in the USD 92.33 fractal support being tested and broken. The technical is now bearish, with the futures trading to new lows on the open on the …

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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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Iron Ore DCE January Daily Technical Review 14/11/22

Verdict – Short-term neutral.   DCE iron ore January contract saw periodic top pattern. Iron ore saw a long-run resistance line connecting 755.0, 745.5 and 735.0. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross above overbought area. Iron ore in mid-run still maintained in an ascending tunnel.   The first …

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