Category archives: Technical Reports

Iron Ore DCE May Daily Technical Review 17/03/22

Verdict – Short-term neutral.   DCE iron ore May22 contract extended growth as expected yesterday. However the close was almost flat to the high open. DCE iron ore apparently entered a small round of consolidation, major trading area concentrated between 795.0 – 810.0 area. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD potentially …

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Iron Ore DCE May Daily Technical Review 16/3/22

Verdict – Short-term neutral bullish. DCE iron ore May22 contract recovered major loss over the previous two days following the sentiment of China equities spike. Hourly MACD created gold cross during day session. Hourly slow stochastic KD created gold cross near oversold area in last evening. Technical signals are indicating a recovery in continuance. The …

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