Category archives: Technical Reports

Verdict – Short-term neutral.   DCE iron ore September contract rebounded slightly during the day with expanding volume and new built positions, indicating a potential divergence at the current level. Thus the resistance in 934.0 – 944.0 area would test the resilience of the rebound trend created from last Thursday. Hourly MACD narrowed above 0 …

Continue reading “Iron Ore DCE September Daily Technical Review 18/04/22”

Verdict – Short-term neutral.     DCE iron ore September contract tested high cautiously and gave back half of gains. The market volume decrease massively by 30% compared with yesterday indicate the current buyers were cautious to hold positions across weekends. Hourly CCI retreated from bullish territory while hourly slow stochastic KD approached overbought area. …

Continue reading “Iron Ore DCE September Daily Technical Review 15/04/22”

Verdict – Short-term neutral. DCE iron ore September contract tested high and rejected by 909.0. Both trading volume and open interest were thin compared to last 5 trading days. From hourly chart, MACD created gold cross. Hourly slow stochastic KD also created gold cross above overbought area in late morning. Technical signaling a potential to …

Continue reading “Iron Ore DCE September Daily Technical Review 14/4/22”

Verdict – Short-term neutral to bullish. DCE iron ore September contract rebounded massively and recovered the loss of yesterday. The active contract however created lower volume over the last three trading days. In short-run hourly candles entered a resisting area around 925.0 – 928.0. A rejection would indicate a potential correction. However an effective breakthrough …

Continue reading “Iron Ore DCE September Daily Technical Review 12/04/22”