Iron Ore DCE January Daily Technical Review 10/08/22

Verdict – Short-term neutral.   DCE iron ore January contract maintained neutral as expected, closed with a doji pattern. It is worth noticing that daily CCI and slow stochastic KD both created bearish divergence with iron ore price chart, which indicated that the current price was in testing mid-run bearish trend. However short-run signals were …

Iron Ore DCE January Daily Technical Review 09/08/22

Verdict – Short-term neutral.   DCE iron ore January contract successfully broke through 745.0 level however corrected fast and gave back half gains created by yesterday. Market saw divergence views in near periodic high with expanding volume. Hourly slow stochastic KD created gold cross in overbought area. Hourly MACD created dead cross. Iron ore needs …