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Iron Ore DCE January Daily Technical Review 18/08/22

Verdict – Short-term neutral to bearish.   DCE iron ore January corrected slightly as expected from previous report. Iron ore was rejected by 700.0 yuan during the day. The lower support was near 676.5 area, where market saw two reversal on hourly chart. Hourly MACD was in bearish territory in most of time since August …

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Iron Ore DCE January Daily Technical Review 17/08/22

Verdict – Short-term neutral to bearish.   DCE iron ore January failed to extend the previous growth and went back to a descending tunnel. Daily MACD entered a bearish territory. Daily CCI entered a bearish territory. Iron ore potentially see oversold rebound in the next few sessions. However technical signals were indicating iron ore entered …

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