Category archives: Technical Reports

Verdict – Short-term bullish. DCE iron ore January contract ended the consecutive losses over the previous eight trading days and created a 10% increase from the opening of the day. Hourly MACD created gold cross. Hourly slow stochastic KD started to push after created gold cross in oversold area. Hourly CCI rebounded from bearish territory …

Continue reading “Iron Ore DCE Jan Daily Technical Review 22/9/21”

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed listed low during the day with increasing volume. The hourly MACD narrowed in bearish territory. Hourly Slow stochastic KD flattened. Hourly CCI potentially leave oversold area to neutral area. Technical signals indicated and exhaustion on the previous short, however the current trend was …

Continue reading “Iron Ore DCE Jan Daily Technical Review 17/9/21”

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

Continue reading “Iron Ore DCE Jan Daily Technical Review 16/9/21”