Category archives: Technical Reports

Iron Ore DCE Sep Daily Technical Review 27/5/21

Verdict – Short-term rebound. DCE iron ore September contract recovered most of losses from yesterday and rebounded. Hourly candles returning to previous consolidation platform. Hourly slow stochastic KD created gold cross above oversold area. CCI returned to neutral area from a two-week-low area. Daily slow stochastic KD potentially create gold cross near oversold area. Short-run …

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Iron Ore DCE Sep Daily Technical Review 26/5/21

Verdict – Short-term bearish. DCE iron ore September contract corrected significantly during the day. Hourly MACD created dead cross. Hourly CCI dropped from the highest since May 18th to the lowest of the year. Currently iron ore price drop along with new short position, indicating a continuous correction. The first support is 964.5, the first …

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