Category archives: Technical Reports

Verdict- Neutral to Bearish. DCE Jan24 contract traded in a narrow range during the day. The intraday high reached 932.5, which was below 936.0 -938.0 area as a strong resistance mentioned from last report. Hourly MACD widened in bearish territory. Hourly slow stochastic KD accelerated the correction in neutral area. Hourly CCI fell from neutral …

Continue reading “Iron Ore DCE January24 Daily Technical Review 07/11/23”

Verdict- Neutral. DCE Jan24 contract consolidated during the day without seeing a direction as expected from previous report. The high of the period witnessed 936.0 -938.0 area, which became a strong resistance. Hourly MACD widened in bearish territory. Hourly slow stochastic KD accelerated the correction in neutral area. Hourly CCI fell from bullish territory to …

Continue reading “Iron Ore DCE January24 Daily Technical Review 06/11/23”