Iron Ore DCE September Daily Technical Review 18/05/22

Verdict – Short-term bearish.   DCE iron ore September contract broke down the import support at 800.0 area with growing volume compared with yesterday. Hourly CCI went into bearish territory. Hourly slow stochastic KD deepened correction. Hourly MACD created dead cross above 0 axis. Iron ore short-run entered a correction phase to test the support …

Iron Ore DCE September Daily Technical Review 17/05/22

Verdict – Short-term neutral.   DCE iron ore September contract broke through the important resistance at 839.0 and refreshed seven-day high, however corrected back with lower aggregated volume. Hourly MACD potentially create dead cross above 0 axis. Hourly slow stochastic KD created dead cross this morning and deepened correction. Technical signals indicate a potential to …