Category archives: Technical Reports

Iron Ore DCE September Daily Technical Review 20/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected. September contract reached limit-down at 746.0 in the afternoon session. Iron ore created a normal gap from 775.0 – 790.0 area, a rejection in the gap area in mid-run would confirm another round of correction. However in short-run, as the aggregated open interest reached , …

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Iron Ore DCE September Daily Technical Review 17/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected, the low open created a gap from the low of yesterday, which become a mid-run resisting area. Iron ore refreshed the biggest single day correction since April 25th. Hourly MACD corrected below 0 axis. Hourly slow stochastic KD approached oversold area. Hourly CCI approached bearish …

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Iron Ore DCE September Daily Technical Review 16/06/22

Verdict – Short-term bearish.   Iron ore corrected slightly as expected yesterday, the high broke important resistance however lose this level in the next half hour. Trading volume narrowed compared with yesterday, indicating there was not too much confliction on the bearish trend. Hourly MACD consolidate below 0 axis. Hourly slow stochastic flatened along the …

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