Category archives: Technical Reports

Iron Ore DCE September23 Daily Technical Review 28/04/22

Verdict- Neutral. DCE Sep23 contract rebounded slightly as expected. However iron ore is expected to enter a quite week due to upcoming holidays next week. Hourly slow stochastics created two lower dead crosses in neutral area. Hourly CCI approached the boundary of bearish territory. Hourly MACD narrowed above 0 axis. First support 698.5. First resistance …

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Iron Ore DCE September23 Daily Technical Review 27/04/22

Verdict- Neutral to bullish. DCE Sep23 contract opened high and corrected to lower level before closing. In general, iron ore still in a slow rebound structure. Iron ore could regain support fast unless a breakdown on 698.5. Hourly MACD maintained in bullish territory. Hourly CCI corrected after rejected by bullish area. However, iron ore movement …

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