Category archives: Technical Reports

Iron Ore DCE May24 Daily Technical Review 05/01/24

Verdict- Neutral to Bearish   DCE May24 contract started the second correction day after warning about the reversal risk for last three trading days. Hourly MACD widened in bearish territory. Hourly slow stochastic KD entered oversold area. Hourly CCI entered bearish territory. The market potentially test low in next few sessions.   First support 950.0. …

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Iron Ore DCE May24 Daily Technical Review 04/01/24

Verdict- Be Aware of Market Reversal. DCE May24 contract corrected after saw the high created last morning. From hourly chart, MACD created dead cross. Slow stochastic KD corrected after the dead cross in overbought area. The current technical signals were indicating an exhaustion at absolute high level, be aware of taking gains or sharp reversal. …

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