Category archives: Uncategorized

Iron Ore DCE September Daily Technical Review 15/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday, with expanding volume and broke down two important support at 900.0 and 875.5 respectively. Hourly MACD went back to bearish area below 0 axis. Hourly CCI refreshed two-month low. Short-run technicals were indicating the correction in continuance.   The first support is 806.0,the first …

Continue reading “Iron Ore DCE September Daily Technical Review 15/06/22”

Iron Ore DCE September Daily Technical Review 14/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday. September contract daily candles created two long lower shadows with expanding volume, indicating the buyers and sellers have some conflictions on current level and exhausted. Thus the price falling expected to slow down. Hourly MACD potentially created gold cross below 0 axis. Hourly slow …

Continue reading “Iron Ore DCE September Daily Technical Review 14/06/22”