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Iron Ore DCE January Daily Technical Review 28/11/22

Verdict – Short-term neutral. DCE iron ore January contract was traded in huge range during the day. The two rounds of intra-day rebound were rejected below 764.5, periodic high. The low 743.0 was also the important support of late half of last week. Hourly slow stochastic retreated from overbought area to neutral area. Hourly CCI …

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Iron Ore DCE January Daily Technical Review 25/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. For many times, iron ore spiked during the last hour, approaching the half-year high at 757.5. Iron ore returned to the ascending trend. Hourly MACD expanded above 0 axis. Hourly slow stochastic KD approached overbought area. Hourly CCI created the highest …

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