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Iron Ore DCE January Daily Technical Review 29/9/22

Verdict – Short-term neutral.   DCE iron ore January contract tested high an retreated in the afternoon, as expected neutral outlook in short-run. However intra-day volume grew, and the trade range was wider compared with last trading day. Hourly MACD narrower in bullish area. Technical signals were indicating a neutral sentiment in short-run.   The …

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Iron Ore DCE January Daily Technical Review 28/09/22

Verdict – Short-term neutral.   DCE iron ore January contract corrected and the trend stepped back to a consolidation range from 700.0- 728.5. The trading volume became narrower over the past three days. Thus market entered a watch-and-see mode. Hourly CCI approached bearish territory. Hourly MACD became flat. Short-run neutral.   The first support is …

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