Category archives: Technical Reports

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”

Verdict – Short-term neutral. DCE iron ore January contract tested low in the morning session following the general correction on coal sector. However iron ore went back to its own technical range and became the strongest contract among ferrous complex. Hourly MACD widened above 0 axis. Hourly CCI approached bullish territory. The first support is …

Continue reading “Iron Ore DCE Jan Daily Technical Review 27/10/21”

Verdict – Short-term neutral to bullish. DCE iron ore January contract started a small round of rebound from a month low. However the recovery of the rebound needs a confirm to breakthrough 711.5. Hourly MACD narrowed. Hourly slow stochastic KD created a dead cross below overbought area. Technical signals were indicating the rebound was in …

Continue reading “Iron Ore DCE Jan Daily Technical Review 25/10/21”