Category archives: Technical Reports

Verdict- Neutral. Iron ore corrected massively during the trading day, while most of industrial commodities started to tank this afternoon. Hourly MACD widened in bearish area. Hourly CCI refreshed new low since April 23rd. Hourly slow stochastic KD corrected continuously. First support 791.0. First resistance 830.0.  

Verdict- Neutral. Iron ore rebounded during the day as expected. We maintain iron ore neutral unless an effective breakthrough on the 810.0- 843.0 range box. Hourly CCI approached bearish territory. Hourly MACD flattened. Open interest loss by 5,000 lots indicating some investors left and remain watch and see mode. First support 810.0. First resistance 843.0.

Verdict- Neutral. Iron ore rebounded during the day as expected. In next session, iron ore potentially enter a range box from 810.0 – 850.0 unless an effective breakthrough on the boundary. Hourly slow stochastic KD created several higher gold crosses and approached overbought area. Hourly CCI corrected to neutral area. Hourly MACD widened in bullish …

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