Category archives: Uncategorized

Iron Ore DCE May Daily Technical Review 12/1/22

Verdict – Short-term bullish. DCE iron ore May22 contract broke previous high at 717.5 and entered a fast growth tunnel. Hourly slow stochastic KD potentially create dead cross above overbought area. Hourly CCI potentially softened from bullish territory. Short-run technical were indicating an exhaustion temporarily, the sustained growth needs to comply with increasing volume and …

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A Room with a Technical View 11/1/22

Technical Round ups:   Capesize February futures – Price is below all key moving averages supported by the RSI below 50. We continue to see a positive divergence between the RSI and the futures, this is not a sell signal, but it is a warning that we have the potential to see a momentum slowdown. …

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Iron Ore DCE May Daily Technical Review 11/1/22

Verdict – Short-term neutral, testing breakthrough level on 725.5. DCE iron ore May22 contract rebounded significantly during the day, the high of the day fell around 725.5, which was a previous high from Oct 13th, 2o21. A test break on 725.5 would determine the short-run direction of the market. However major contract DCE May22 open …

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