Category archives: Technical Reports

Verdict- Neutral to Bullish. DCE iron ore saw rebound with increasing volume. The price level approached 750, however iron ore potentially breakthrough this level and challenge 788.5 in mid-run. Hourly MACD reached bullish territory. Hourly slow stochastic KD rebounded after created gold cross above oversold area. Iron ore potentially test high in next session. First …

Continue reading “Iron Ore DCE Jan25 Daily Technical Review 26/08/24”

Verdict- Neutral. DCE iron ore saw correction during the trading day, the low of the day was above important support by 716.5. Iron ore should maintain neutral above 716.5 and return bearish run if broke down 716.5 by next closing. Hourly MACD created dead cross. Hourly slow stochastic KD reached oversold area. First support 716.5. …

Continue reading “Iron Ore DCE Jan25 Daily Technical Review 23/08/24”

Verdict- Neutral. DCE iron ore saw a correction during the day. Hourly MACD narrowed in bullish territory. Hourly CCI corrected from bullish area to neutral area. Slow stochastic KD created dead cross in overbought area. If standing on 716.0, iron ore potentially see chances of next rebound. First support 716.5. First resistance 747.5.  

Verdict- Neutral to Bullish. DCE iron ore rebounded during the day. If a breakthrough on 725.5 level, iron ore will potentially see a fast rebound. Otherwise iron ore largely maintain 688.5- 725.5 area. Hourly MACD widened in bullish area. Hourly CCI approached bullish area. Both open interest and volume decreased. However the technical signals indicated …

Continue reading “Iron Ore DCE Jan25 Daily Technical Review 19/08/24”

Verdict- Neutral. DCE iron ore consolidated and rebounded significantly this morning. Hourly MACD entered bullish territory. Hourly slow stochastic KD entered neutral area after a gold cross created in bearish territory. The next resistance level was 756.0, which was an area with massive trades historically. First support 727.5. First resistance 756.0.