Category archives: Technical Reports

Iron Ore DCE January Daily Technical Review 16/08/22

Verdict – Short-term neutral.   DCE iron ore January successfully broke the neckline level at 713.5 recovered most of loss from last trading day. Thus, iron ore return to neutral level. Hourly slow stochastic KD created a gold cross. Hourly MACD potentially create gold cross. Technical signals were indicating a neutral sentiment.   The first …

Continue reading “Iron Ore DCE January Daily Technical Review 16/08/22”

Iron Ore DCE January Daily Technical Review 15/08/22

Verdict – Short-term neutral.   DCE iron ore January broke down important support at 713.5, which was the neckline of a top reversal pattern. Unless iron ore recover this level with much higher price, iron ore entered a short-run correction phase. Hourly slow stochastic KD created lower dead cross. Hourly MACD created lower dead cross. …

Continue reading “Iron Ore DCE January Daily Technical Review 15/08/22”