Category archives: Technical Reports

Iron Ore DCE Jan27 Daily Technical Review 28/08/24

Verdict- Neutral to Bullish. DCE iron ore corrected slightly during the trading day. Hourly MACD created dead cross. Hourly CCI entered neutral area from bullish territory. Hourly slow stochastic KD started to correct after a dead cross created in bullish territory. Short-run technical signals were indicating an exhaustion on previous rebound. However we maintain bullish …

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Iron Ore DCE Jan25 Daily Technical Review 26/08/24

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 …

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Iron Ore DCE Jan25 Daily Technical Review 23/08/24

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. …

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