Verdict- Neutral. DCE Jan24 contract consolidated during the day as expected. The price level expected to maintain neutral unless breaking through the range 836.5- 865.5. Hourly MACD weakened in bearish territory. Hourly slow stochastic KD maintained at neutral level. Hourly CCI approached the boundary of oversold area. First support 836.5. First resistance 865.5.
Category archives: Technical Reports
European Close 05/09/23
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Panamax Technical Report 05/09/23
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Supramax Oct 23 Morning Technical Comment – 240 Min 05/09/23
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Panamax Oct 23 Morning Technical Comment – 240 Min 05/09/23
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Capesize Oct 23 Morning Technical Comment – 240 Min 05/09/23
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Iron Ore Offshore Oct 23 Morning Technical Comment – 240 Min Chart 05/09/23
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Brent Nov 23 Morning Technical Comment – 240 Min 05/09/23
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Base Morning Technical Report 05/09/23
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Iron Ore DCE January24 Daily Technical Review 05/09/23
Verdict- Neutral. DCE Jan24 contract was majorly traded in the range 836.5- 865.5 during the past three trading days. Hourly slow stochastic KD saw correction after a few lower dead crosses. Hourly CCI corrected from bullish area and approached bearish area. Hourly MACD widened in bearish territory. In short-run maintain neutral outlook unless a breakthrough …
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