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Verdict – Short-term neutral to bearish.   As expected from previous technical report, DCE iron ore September contract test high and corrected back after rejected by last high at 948.0. The return to bull needs to see changing hands, because aggregated open interested has reached the two-year high, indicating new long positions need to confirm …

Continue reading “Iron Ore DCE September Daily Technical Review 07/06/22”

Verdict – Short-term neutral to bearish.   DCE iron ore September contract reversed after refreshing listed high at 948.0 and gave back all gains created during the day. The return to bull needs to see changing hands, because aggregated open interested has reached the two-year high, indicating new long positions need to confirm a short-run …

Continue reading “Iron Ore DCE September Daily Technical Review 06/06/22”