Category archives: Technical Reports

Verdict- Neutral. DCE May24 contract broke last low at 865.0 as expected, however recovered all losses fast and closed high. The return of buyers generally mean the support should be robust at 860.5 -865.0 area. Hourly CCI returned from bearish territory to neutral area. Hourly slow stochastic KD created gold cross in oversold area. Hourly …

Continue reading “Iron Ore DCE May24 Daily Technical Review 04/03/24”

Verdict- Neutral to Bearish. DCE May24 contract moved in narrow range during most time of day, however tanked during last half hour, which resulted in a dead cross from hourly MACD, slow stochastic KD and a sharp drop on CCI to bearish territory. The last half hour drop attracted increasing volume. Iron ore will test …

Continue reading “Iron Ore DCE May24 Daily Technical Review 01/03/24”