Category archives: Technical Reports

Iron Ore DCE May24 Daily Technical Review 23/02/24

Verdict- Neutral. DCE May24 contract temporarily ended the fast drop during the past two trading days. Hourly MACD widened in bullish area. Hourly CCI was rejected by bullish territory. Iron ore in short-run secured the area between 885.5- 915.0, however be aware of breakdown on 885.5 could bring market back to mid-run bearish trend. First …

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Iron Ore DCE May24 Daily Technical Review 22/02/24

Verdict- Neutral to Bearish. DCE May24 contract closed 50 cents higher than yesterday. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD left oversold area to neutral area. Iron ore saw a decrease on trading volume and a doji on daily candle, indicating a potential exhaustion on previous trend. However iron ore was still …

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