Iron Ore DCE May23 Daily Technical Review 01/03/22

Verdict – Short-term neutral. DCE iron ore May23 contract created significant rebound during the day. However gave back some gains during last hour. Hourly MACD created gold cross. Hourly CCI entered bullish territory. In short-run iron ore test the resistance from last high at 922.0. The first support is 873.0. The first resistance is 922.0 …

Iron Ore DCE May23 Daily Technical Review 28/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract stablised from 880.0 – 883.0 area. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI recovered from bearish territory to neutral area. Hourly technical indicated that iron ore regained support and potentially to test hour-level high in …