Iron Ore DCE September Daily Technical Review 25/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong and created the second big spike with a gap by opening and increasing trading volume. The next resisting level fell in 735.5- 740.0, which used to be an area with massive trading volume. The iron ore expected to maintain bullish if the …

Iron Ore DCE September Daily Technical Review 22/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September intra-day high was resisted below 694.5, which used to be a boundary of previous gap. The low was supported by strong supporting level from 633.5 – 640.0. Daily MACD potentially create gold cross, led by daily CCI which left bearish territory. A breakthrough on …