Category archives: Technical Reports

Iron Ore DCE May Daily Technical Review 14/3/22

Verdict – Short-term bearish. DCE iron ore May22 contract corrected massively and entered a bearish trend. Hourly MACD widened below 0 axis. Hourly slow stochastic KD widened after a dead cross. Hourly CCI entered a bearish territory. Hourly and daily candles created a roof area and indicating the start of a correction in mid-run. The …

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Iron Ore DCE May Daily Technical Review 11/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract maintained wide range movement during the day and closed slight high compared to yesterday. Hourly MACD narrowed in bearish area. Hourly candles entered a triangle area. Technical signals are indicating a neutral sentiment in short-run. The first support is 800.0, the first resistance is 838.0