Category archives: Technical Reports

Iron Ore DCE September Daily Technical Review 26/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong as expected. Hourly MACD widened above 0 axis. Hourly CCI stayed in bullish territory. Iron ore hourly candles rebounded following a ladder shaped ascending structure. Short-run technical signals were indicating continuing rebound.   The first support is 703.5. The first resistance is …

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Iron Ore DCE September Daily Technical Review 25/07/22

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong and created the second big spike with a gap by opening and increasing trading volume. The next resisting level fell in 735.5- 740.0, which used to be an area with massive trading volume. The iron ore expected to maintain bullish if the …

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

Verdict – Short-term neutral to bullish.   DCE iron ore September intra-day high was resisted below 694.5, which used to be a boundary of previous gap. The low was supported by strong supporting level from 633.5 – 640.0. Daily MACD potentially create gold cross, led by daily CCI which left bearish territory. A breakthrough on …

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