Category archives: Technical Reports

Verdict- Bullish in Short-run. DCE May23 contract rebounded as expected. In short-run testing the resistance between 895.0 and 900.0 area. A breakthrough would indicate an acceleration on the current upward trend. Hourly slow stochastic created dead cross in overbought area however recovered back to the overbought level. Hourly MACD maintained in bullish territory. First support …

Continue reading “Iron Ore DCE May23 Daily Technical Review 29/03/22”

Verdict- Bearish in Short-run. DCE May23 contract re-entered bullish trend in short-run, as daily successfully broke important resistance at 883.0 and closed on 1 yuan below. Iron ore largely break the resistance again in the next session and approach 900.0. Hourly slow stochastic KD entered over-bought area. Hourly CCI entered bullish territory. Hourly MACD moved …

Continue reading “Iron Ore DCE May23 Daily Technical Review 28/03/22”