Tag archives: IO

Iron Ore DCE May Daily Technical Review 11/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract maintained wide range movement during the day and closed slight high compared to yesterday. Hourly MACD narrowed in bearish area. Hourly candles entered a triangle area. Technical signals are indicating a neutral sentiment in short-run. The first support is 800.0, the first resistance is 838.0

Iron Ore DCE May Daily Technical Review 10/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract firstly opened low as expected. Iron ore also tested low during the market, however recover major losses during the day session. Hourly slow stochastic KD narrowed below 0 axis. Hourly slow stochastic KD created gold cross near oversold area. A hold on 773.5 in short-run would …

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