Iron Ore DCE Sep Daily Technical Review 18/6/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract slumped after hearing the commodity price supervision news from NDRC. However iron ore started to correct early this morning after a periodic high created over last night. The 1248.0 and 1253.5 became the double top in mid-run. A stand on 1176.0 level could help …

Iron Ore DCE Sep Daily Technical Review 17/6/21

Verdict – Short-term neutral. DCE iron ore September contract recovered major loss by last trading day and return to previous consolidation range. The area of 1225.5-1233.0 provide major resistance, as the roof areas of many candles. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD keep rebounding. However be aware of hourly candles, …