Category archives: Uncategorized

Verdict – Short-term bullish. DCE iron ore maitained a rebound for the second trading day, with improving volume compared to the first half of last week. The rebound was majorly contributed by short covering. A breakthrough on 579.5 would bring iron ore to a mid-run rebound, otherwise iron ore remain in consolidation range. Hourly CCI …

Continue reading “Iron Ore DCE Jan Daily Technical Review 22/11/21”

Verdict – Short-term neutral to bullish. DCE iron ore Jan22 recovered major losses during the afternoon session with significantly increasing volume as well as new built long positions in the market. Hourly MACD expanded above 0 axis. Hourly KD created gold cross below oversold area. Hourly CCI approached bullish territory. Short-run signals were indicating neutral …

Continue reading “Iron Ore DCE Jan Daily Technical Review 19/11/21”

Verdict – Short-term neutral. DCE iron ore Jan22 started to consolidate weakly after refreshed listed low during today. Major previous support become resistance at 531.0 level after breakdown. Hourly slow stochastic KD retreated to bearish territory. Hourly MACD deepened below 0 axis. Short-run signals were indicating a neutral sentiment in this market. The first support …

Continue reading “Iron Ore DCE Jan Daily Technical Review 18/11/21”