Iron Ore DCE Sep24 Daily Technical Review 14/06/24

Verdict- Neutral to Bullish. DCE Sep24 rebounded as we expected, with expanding volume and decreasing open interest. The intra-day closing broke through 824.5, considered as a return to bullish in short-run. MACD widened in bullish territory. Hourly CCI approached bullish territory. The market potentially test high in next session. First support 818.0. First resistance 838.5. …

Iron Ore DCE Sep24 Daily Technical Review 13/06/24

Verdict- Neutral to Bullish. DCE Sep24 rebounded today, however saw pressure under R1 at 824.5. Hourly MACD widened above bullish territory. Hourly slow stochastic KD rebounded fast. A breakthrough on 824.5 potentially reverse iron ore market to bull again. Iron ore in short-run potentially test high in next session. First support 780.0. First resistance 824.5. …