Category archives: Technical Reports

Verdict- Neutral to Bullish. DCE Sep24 rebounded today, however saw pressure under R1 at 824.5. Hourly MACD widened above bullish territory. Hourly slow stochastic KD rebounded fast. A breakthrough on 824.5 potentially reverse iron ore market to bull again. Iron ore in short-run potentially test high in next session. First support 780.0. First resistance 824.5. …

Continue reading “Iron Ore DCE Sep24 Daily Technical Review 13/06/24”

Verdict- Neutral. DCE Sep24 saw exhaustion and stablised during the day. Hourly MACD potentially create gold cross in the next session. Hourly CCI entered neutral area from bearish territory. Iron ore potentially ended correction and entered consolidation period. The next important resistance is 824.5. First support 780.0. First resistance 824.5.