Category archives: Technical Reports

Iron Ore DCE May23 Daily Technical Review 16/12/22

Verdict – Short-term neutral. DCE iron ore May23 contract was closed to listed high at 841.5, then corrected during the day session. Iron ore became volatile after breakthrough 800.0, with expanding volume, indicated a divergence between bull and bear camps. Hourly slow stochastic KD started correction after a dead cross created in overbought area. Iron …

Continue reading “Iron Ore DCE May23 Daily Technical Review 16/12/22”

Iron Ore DCE May23 Daily Technical Review 15/12/22

Verdict – Short-term neutral to bullish. DCE iron ore May23 contract returned to bullish tunnel after broke previous high at 823.0. Hourly slow stochastic KD created three higher gold cross, approaching overbought area. Hourly MACD widened in bullish territory. Short-run technical signals were indicating a potential to test highs in the next few sessions. The …

Continue reading “Iron Ore DCE May23 Daily Technical Review 15/12/22”