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

Verdict – Short-term neutral to bullish. DCE iron ore January contract saw a big spike with 40% bigger volume and significant new built new long positions in the market. Hourly MACD entered bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought area. Short-run iron ore potentially extend the rebound in an ascending …

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Iron Ore DCE January Daily Technical Review 10/11/22

Verdict – Short-term neutral. DCE iron ore January contract saw periodic high yesterday at 691.5.The area 691.5- 694.0 used to reverse the rebound trend three times since mid-October. The daily trading volume significantly expand, indicating a huge confliction between buyer and seller’s camps. The last five hourly candles maintained stable. Short-run technical signals were indicating …

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