Category archives: Technical Reports

Iron Ore DCE September Daily Technical Review 21/07/22

Verdict – Short-term neutral.   DCE iron ore September maintained consolidation as expected. The rangebound became smaller observed by lower highs and higher lows. Hourly CCI flattened. Hourly MACD slowed down above 0 axis. The current strong resistance was 694.5, which was the upper boundary of a previous gap. The lower support lied in 634.5 …

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Iron Ore DCE September Daily Technical Review 20/07/22

Verdict – Short-term neutral.   DCE iron ore September created lower highs and lower lows during the day. The low of the day at 633.5 broke important support at 633.5. The next breakdown on this level would confirm a new round of accelerated correction. Otherwise iron ore potentially stay in narrower rangebound area. Hourly MACD …

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