Iron Ore DCE September Daily Technical Review 26/4/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract rebounded slightly, however trading volume slumped by 30%, indicating the market currently has limited motive to reverse market back to bull. Hourly MACD potentially create gold cross. Hourly slow stochastic KD rebound fast after created a gold cross in oversold area. However the …

A Room with a Technical View 25/04/22

Capesize May Futures – The index has started to move higher resulting in the futures trading up to USD 26,625, the intraday technical remains bullish whilst the daily has a neutral bias. Upside moves that fail at or below USD 28,137 remain vulnerable to further tests to the downside, above this level we target the …