Category archives: Technical Reports

Iron Ore DCE May23 Daily Technical Review 23/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract slight corrected, maintained neutral during past few days as expected. The major trades ranged from 906.0 – 922.0 area. A breakdown on 900.0 would potentially reverse the mid-run bullish trend. Hourly CCI entered bearish territory. Hourly MACD deepened correction in bearish territory. Short-run technical were indicating …

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

Verdict – Short-term neutral. DCE iron ore May23 contract maintained neutral after a big spike, as expected. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross in overbought area and accelerated the correction. Short-run signals were indicating a potential to test low in next few sessions. The first support is 900.0. The …

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