Iron Ore DCE September Daily Technical Review 15/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September down , created the biggest single day drop since Jun 20th. The gap area from 677- 694.5 became the major resistance area. Hourly CCI slightly picked up approaching the boundary of neutral area. Technical signals were indicating a potential to test low in next …

Iron Ore DCE September Daily Technical Review 14/07/22

Verdict – Short-term neutral to bearish.   DCE iron ore September closes lower than yesterday, however settlement price was slightly higher than yesterday. Iron ore prices was snapped by the significant new sellers entering during the last ten minutes. Intra-day correction tested strong support around 603 – 703.5. A breakdown on this area would potentially …