Category archives: Technical Reports

Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …

Continue reading “Iron Ore DCE Jan Daily Technical Review 12/11/21”

Verdict – Short-term neutral to bullish. DCE iron ore Jan22 created the biggest single day increase since August 24th, and following with higher highs and higher lows. Daily slow stochastic KD created gold cross in oversold area. Daily CCI entered neutral area from bearish territory. Hourly MACD widened above 0 axis. Hourly CCI entered bullish …

Continue reading “Iron Ore DCE Jan Daily Technical Review 11/11/21”

Verdict – Short-term neutral. DCE iron ore Jan22 refreshed listed low, however recovered half of losses during Asian afternoon following the rebound of equity market. Hourly MACD narrowed below 0 axis. Hourly slow stochastic KD created gold cross near the boundary of oversold area. Hourly CCI left bearish territory fast. Short-run technical were indicating a …

Continue reading “Iron Ore DCE Jan Daily Technical Review 10/11/21”

Verdict – Short-term neutral. DCE iron ore Jan21 refreshed low again and created two consecutive correction with lower highs and lows. However the support was strong around 552.5- 557.5 area. A breakdown on this area would trigger a big correction. Otherwise iron ore expected to exhaust in the narrow area. Hourly MACD narrowed above 0 …

Continue reading “Iron Ore DCE Jan Daily Technical Review 5/11/21”

Verdict – Short-term neutral. DCE iron ore Jan21 refreshed listed low during the last few minutes of night session yesterday. However iron ore strongly recovered this morning. DCE iron ore technically consolidate in a range box of 557.5- 597.0 area, price movement gradually slow down within this area. Hourly MACD indicated a neutral after narrowing …

Continue reading “Iron Ore DCE Jan Daily Technical Review 4/11/21”

Verdict – Short-term neutral to bullish. DCE iron ore started recovery sentiments after a big slump over the past five trading days. The opening slight high last night indicated smart money was not very pessimistic on the current market. Iron ore rebound fast during the day from a negative 3% to negative 0.42% by closing. …

Continue reading “Iron Ore DCE Jan Daily Technical Review 3/11/21”

Verdict – Short-term neutral to bearish. DCE iron ore Jan contract volatile in narrow range during the day, however saw lower lows and lower highs. Iron ore was running in a descending tunnel. Hourly CCI decreased to the lowest since September 17th. Slow stochastic KD consolidate in netural range. Hourly MACD created dead cross below …

Continue reading “Iron Ore DCE Jan Daily Technical Review 1/11/21”

Verdict – Short-term neutral to bearish. China thermal coal futures and coking coal futures all reached limit-down which bring back a bearish sentiment on all ferrous market. Iron ore corrected and breakdown important support level around 639.0 – 643.0 and went back to descending tunnel. Hourly MACD widened below 0 axis. Hourly CCI went into …

Continue reading “Iron Ore DCE Jan Daily Technical Review 29/10/21”

Verdict – Short-term neutral. DCE iron ore January contract tested low in Asian morning however recover most of losses during this afternoon. The contract created a monthly low. However the quick rebound on the low indicated iron ore was not ready to test low in following sessions. Hourly KD created gold cross. Hourly CCI went …

Continue reading “Iron Ore DCE Jan Daily Technical Review 28/10/21”