Category archives: Technical Reports

Iron Ore DCE May24 Daily Technical Review 21/12/23

Verdict- Neutral to Bullish. DCE May24 contract broke important resistance at 958.0, and accelerated rebound as expected. The next level was 975.5, listed high of May24 in DCE. Hourly CCI went high in bullish territory. Hourly slow stochastic KD entered overbought area. Hourly MACD widened in bullish territory. First support 933.5. First resistance 975.0.  

Iron Ore DCE May24 Daily Technical Review 20/12/23

Verdict- Neutral.   DCE May24 contract broke last resistance and retreated before closing. The next resistance would be 958.0, where there was many open interests built and some reversals from hourly level. Hourly MACD widened in bullish territory. Hourly CCI reached new high since November 14th. Hourly slow stochastic KD approached the boundary of overbought …

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