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Iron Ore Offshore Feb 22 Morning Technical Comment – 240 Min Chart 10/01/22

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Iron Ore DCE May Daily Technical Review 10/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract corrected during the day. The short-run rebound in the afternoon session was resisted by hourly neckline at 704.5. In mid-run 720-725.5 area created a major resistance area. A further breakdown on 693.0 level would reverse iron ore into bearish trend. CCI entered a neutral area from …

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