Category archives: Technical Reports

Iron Ore DCE Jan25 Daily Technical Review 30/07/24

Verdict- Neutral. Iron ore corrected significantly during the trading day by 3.22%. Iron ore active rolled from Sep24 to Jan25 during this week. New sellers and previous rolling gathered in January contract as increased aggregated open interest, which triggered big drop. Hourly MACD widened in bearish territory. Hourly slow stochastic KD reached oversold area. In …

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Iron Ore DCE Sep24 Daily Technical Review 30/07/24

Verdict- Neutral. Iron ore closed 1.5 yuan/ton above last Friday. Hourly MACD narrowed above 0 axis. Hourly KD corrected from overbought area to neutral area. Iron ore potentially keep testing the resistance area from 784.0- 791.0 in next few sessions. A breakthrough on this area would indicate a reversal in mid-run. Otherwise iron ore maintain …

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