Category archives: Uncategorized

Iron Ore DCE May Daily Technical Review 7/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract slowed and slight corrected during the day. As expected previously, iron ore tested and created high in mid-December, however lost the area during the first 10 minutes after market opened. The previous five-day trading volume was significantly low compared to any week of December. Hourly CCI …

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Iron Ore DCE May Daily Technical Review 5/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract moved up and down in narrow range during the day, however the trading volume was less than half day trading volume compared to previous two trading days. The intra-day high 696.5 became the first resistance. The daily low around 681.0 area also created a short-run support …

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