Iron Ore DCE September Daily Technical Review 20/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September rebound as expected from last report, however volume declined significantly and the high was rejected previous reversal area at 848.5. Slow stochastic KD potentially create dead cross near overbought area. Hourly CCI reached bullish territory. Technical signals were indicating a potential to test high, …

Iron Ore DCE September Daily Technical Review 19/05/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract tested the support near 780.0, however resisted by 777.0 with expanding volume. 777.0 – 780.0 would still become an important support level in mid-run. Hourly slow stocahstic KD created gold cross above oversold area. Hourly MACD potentially create gold cross. Short-run technical signals …