Category archives: Uncategorized

Iron Ore DCE January Daily Technical Review 25/10/22

Verdict – Short-term neutral. DCE iron ore January contract corrected, however recovered some losses during the day. Short-run supported by 662.5- 664.0 area, initiated two rounds of rebound during the past five trading days. Hourly slow stochastic KD potentially create gold cross near oversold area. Hourly CCI potentially breakthrough from bearish territory to neutral area. …

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Iron Ore DCE January Daily Technical Review 24/10/22

Verdict – Short-term neutral. DCE iron ore January contract corrected after a systematic correction over entire secondary market in Asian morning. However expected to recover some gains and continue to test high in the following sessions. A breakthrough on next high at 694.0 would create signals of a big rebound. Otherwise iron ore maintain consolidate …

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Iron Ore DCE January Daily Technical Review 21/10/22

Verdict – Short-term neutral. DCE iron ore January contract consolidated during the day as expected. Tested high however rejected by previous strong resistance at 687.0. Hourly slow stochastic KD approached bullish territory and created dead cross. Hourly MACD narrowed above 0 axis. Short-run maintain neutral sentiment. The first support is 652.0. The first resistance is …

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Iron Ore DCE January Daily Technical Review 20/10/22

Verdict – Short-term neutral. DCE iron ore January contract corrected significantly with expanding volume. Hourly iron ore fell back to a descending trend. Hourly MACD widened in bearish territory. Hourly slow stochastic KD dropped to oversold area. Hourly CCI dropped to bearish territory. A breakdown on 652.0 level would indicate iron ore went back to …

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