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Iron Ore DCE September Daily Technical Review 28/07/22

Verdict – Short-term bullish.   DCE iron ore September recovered loss from yesterday and refreshed new high from June 30th with expand volume. The breakthrough on resistance of 822.5 would confirm the price movement remaining strong. Otherwise, rejection would mean a considerable correction because current indicators were showing big volatilities rather than a flat structure. …

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Iron Ore DCE September Daily Technical Review 27/07/22

Verdict – Short-term neutral.   DCE iron ore September failed to break through the concentrated trading level around 750.0 by closing. Thus, iron ore potentially reached periodic high area. Slow stochastic KD created dead cross in overbought area and deepened correction. Hourly CCI created bearish divergence. Hourly MACD potentially creating dead cross. Technical signals were …

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Iron Ore DCE September Daily Technical Review 26/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong as expected. Hourly MACD widened above 0 axis. Hourly CCI stayed in bullish territory. Iron ore hourly candles rebounded following a ladder shaped ascending structure. Short-run technical signals were indicating continuing rebound.   The first support is 703.5. The first resistance is …

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Iron Ore DCE September Daily Technical Review 25/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong and created the second big spike with a gap by opening and increasing trading volume. The next resisting level fell in 735.5- 740.0, which used to be an area with massive trading volume. The iron ore expected to maintain bullish if the …

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