Category archives: Uncategorized

Iron Ore DCE Jan Daily Technical Review 18/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested monthly low and recover fast to neutral area. If a new breakdown on the low of 686.0, iron ore potentially return to bear market in mid-run. Hourly iron ore was stuck in a correction phase because the highs of the descending tunnel were becoming lower. …

Continue reading “Iron Ore DCE Jan Daily Technical Review 18/10/21”

Iron Ore DCE Jan Daily Technical Review 15/10/21

Verdict – Short-term neutral. DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD …

Continue reading “Iron Ore DCE Jan Daily Technical Review 15/10/21”

Iron Ore DCE Jan Daily Technical Review 14/10/21

Verdict – Short-term neutral. DCE iron ore January contract maintained neutral in short-run after a round of rebound from late September. However iron ore potentially keep pushing if a new breakthrough on 748.0-753.5 area. Hourly KD created gold cross above oversold area. Hourly CCI rebounded stably. Technical signals were indicating the correction motivation was limited …

Continue reading “Iron Ore DCE Jan Daily Technical Review 14/10/21”