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Iron Ore DCE Sep Daily Technical Review 2/6/21

Verdict – Short-term neutral. DCE iron ore September contract tested high and corrected to very close level as yesterday. Hourly MACD narrowed. Hourly slow stochastic KD created dead cross near overbought area in previous hours. CCI retreated from bullish area. Hourly candles flattened. However technical signals were indicating a neutral with potential to test low. …

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Iron Ore DCE Sep Daily Technical Review 31/5/21

Verdict – Short-term neutral. DCE iron ore September contract recovered massively during the day, however open interest was similar to previous trading day, indicating the balance structure between long and shorts. CCI hourly chart was indicating a potential roof area. Slow stochastic KD entered an overbought area. Technical signals were indicating a slow down on …

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Iron Ore DCE Sep Daily Technical Review 27/5/21

Verdict – Short-term rebound. DCE iron ore September contract recovered most of losses from yesterday and rebounded. Hourly candles returning to previous consolidation platform. Hourly slow stochastic KD created gold cross above oversold area. CCI returned to neutral area from a two-week-low area. Daily slow stochastic KD potentially create gold cross near oversold area. Short-run …

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