Category archives: Technical Reports

Iron Ore DCE May23 Daily Technical Review 06/01/22

Verdict – Short-term neutral. DCE iron ore May23 contract recovered the loss of previous two trading days, yet to see a clear rebound signal at this level. Hourly MACD created gold cross. Hourly slow stochastic KD created higher gold cross in neutral area. Technical signals were indicating a test high. The first support is 820.0. …

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Iron Ore DCE May23 Daily Technical Review 05/01/22

Verdict – Short-term neutral to bearish. DCE iron ore May23 contract entered a short-run correction phase from hourly candles chart. Hourly MACD located in bearish territory. However hourly CCI recovered from bearish territory to neutral area. Iron ore has confliction on the level of 840.5-841.0 currently. Iron ore expected to test low in next few …

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