Category archives: Technical Reports

Iron Ore DCE May23 Daily Technical Review 10/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract recovered partial loss created by yesterday and brought the trend back to consolidation in short-run. Hourly MACD entered a bullish territory. Similarly, hourly CCI approached bullish territory. Hourly candles created a important gap from 823.5-826.5, which potentially become a support in short-run. The first support is …

Continue reading “Iron Ore DCE May23 Daily Technical Review 10/01/22”

Iron Ore DCE May23 Daily Technical Review 09/01/22

Verdict – Short-term bearish. DCE iron ore May23 contract from hourly candles chart saw a significant reversal pattern, which indicate a potential to test low in next few sessions. A recover on 830.0 would indicate a short-run rebound, however the main trend reversed from a bullish to a correction phase in short-run. The first support …

Continue reading “Iron Ore DCE May23 Daily Technical Review 09/01/22”