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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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Iron Ore DCE January Daily Technical Review 09/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected. However hourly MACD narrowed above 0 axis. Hourly CCI fell from bullish territory to neutral area. The late market indicated a slow down on the push. Be aware that the open interest of DCE aggregated iron ore reached a year-high at …

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