Category archives: Technical Reports

Verdict – Short-term neutral to bearish. DCE iron ore January contract broke the last defense at 652.0 as long-run support. Iron ore fell into bearish territory. A return to neutral needs to breakthrough 667.0 as intra-day high. Hourly MACD widened below 0 axis. Hourly slow stochastic KD entered bearish territory. CCI rejected by the lower …

Continue reading “Iron Ore DCE January Daily Technical Review 27/10/22”

Verdict – Short-term neutral. DCE iron ore January contract broke the long-run support level at 662.5, however recovered to this level before closing. Iron ore potentially maintain range bounds near this level. Hourly MACD volatility decreased significantly. Hourly CCI corrected to bearish territory. Technical signals were indicating a potential narrowing in range bounds in the …

Continue reading “Iron Ore DCE January Daily Technical Review 26/10/22”

Verdict – Short-term neutral. DCE iron ore January contract corrected, however recovered some losses during the day. Short-run supported by 662.5- 664.0 area, initiated two rounds of rebound during the past five trading days. Hourly slow stochastic KD potentially create gold cross near oversold area. Hourly CCI potentially breakthrough from bearish territory to neutral area. …

Continue reading “Iron Ore DCE January Daily Technical Review 25/10/22”

Verdict – Short-term neutral. DCE iron ore January contract corrected after a systematic correction over entire secondary market in Asian morning. However expected to recover some gains and continue to test high in the following sessions. A breakthrough on next high at 694.0 would create signals of a big rebound. Otherwise iron ore maintain consolidate …

Continue reading “Iron Ore DCE January Daily Technical Review 24/10/22”