Category archives: Technical Reports

Iron Ore DCE January24 Daily Technical Review 04/08/23

Verdict- Neutral to Bearish. DCE active contract tested high and retreated as expected. The high of the day was slight lower than resistance at 744.0. Hourly CCI entered bearish territory. Hourly MACD flattened in bearish territory. The market would maintain slight bearish unless breakthrough the strong resistance area from 743.5 -759.5. First support 697.0. First …

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Iron Ore DCE January24 Daily Technical Review 03/08/23

Verdict- Neutral to Bearish. DCE active contract was rolled from Sep23 to Jan24 today, seeing a bigger trading volume and open interest in Jan24. MACD corrected in bearish territory from hourly chart. Slow stochastic KD entered bearish territory in hourly chart. Hourly CCI once tested year-low during the market hours at -362. First support 697.0. …

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