Category archives: Uncategorized

Iron Ore DCE May Daily Technical Review 8/3/22

Verdict – Short-term neutral. DCE iron ore May22 tested low and recover major loss, slight correct compared to the opening on night session. Hourly MACD potentially created gold cross. Hourly CCI was approaching bullish territory. Short-run neutral without seeing clear direction on DCE market. It is worth noticing that the gap yesterday was filled, which …

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A Room with a Technical View 07/03/22

Capesize March Futures – Technically bearish last week A positive divergence on the 1-hour intraday had warned that we could see a small test to the upside resulting in the futures trading from USD 15,650 to USD 20,000. April futures – The roll in the futures created a bullish Gap of USD 4,000 which took …

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Iron Ore DCE May Daily Technical Review 7/3/22

Verdict – Short-term neutral. DCE iron ore May22 maintained bullish during the day. However worth noticing that DCE aggregated open interest has lost 16.6% from the start of this round of rebound in Feb 28th. Previous cut loss sellers were major contributor of today’s market. Short-run support was close to the upper bound of a …

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