Category archives: Technical Reports

Iron Ore DCE May23 Daily Technical Review 12/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract broke important resistance at 856.0. The contract was only 11.5 yuan from listed high. Hourly MACD widened in bullish territory. Hourly KD reached oversold area after two gold crosses created during the past two trading days. CCI entered bullish territory. Short-run signals were indicating potential to …

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Iron Ore DCE May23 Daily Technical Review 11/01/23

Verdict – Short-term neutral.   DCE iron ore May23 contract rebounded and maintained strong for the second trading day. However the strength of the rebound need to test important resistance at 856.0 level. Hourly MACD was stable above 0 axis. Hourly slow stochastic KD potentially create dead cross in overbought area. Iron ore open positions …

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