Category archives: Technical Reports

Iron Ore DCE September23 Daily Technical Review 20/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day, however we maintain neutral verdict as the market regained support near 757.0 – 760.0 area. Hourly MACD widened in bearish territory. Hourly slow stochastic KD was preparing for a breakthrough on the boundary of oversold area. Hourly CCI approached neutral territory from bearish territory. The technical …

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Iron Ore DCE September23 Daily Technical Review 19/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI reached bearish territory after rejected by the boundary of neutral and bullish area. The technical signals are still indicating a potential to test low, however the correction wasn’t expected …

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