Tag archives: TR

A Room with a Technical View 08/08/22

Capesize September Futures – We noted on the last report that the futures were technically bullish based on higher highs and higher lows; however, with the RSI at 50 and the stochastic overbought, momentum was warning that if the RSI moved below 50, we could be vulnerable to a test to the downside. The RSI …

Continue reading “A Room with a Technical View 08/08/22”

Iron Ore DCE January Daily Technical Review 08/08/22

Verdict – Short-term neutral.   DCE iron ore January contract rebounded significantly during Friday night session, however stay flat during most time of Monday. The previous high at 745.0- 745.5 level provided effective resistance. Thus iron ore needs to breakthrough 745.0 with expanding volume to return to the fast rebound tunnel. Hourly slow stochastic potentially …

Continue reading “Iron Ore DCE January Daily Technical Review 08/08/22”

Iron Ore DCE January Daily Technical Review 05/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract recovered all loss created yesterday and moved back to the rebound trend. Hourly MACD created gold cross near 0 axis. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI reached bullish territory. Short-run technicals were indicating iron maintain rebound in …

Continue reading “Iron Ore DCE January Daily Technical Review 05/08/22”

Iron Ore DCE September Daily Technical Review 03/08/22

Verdict – Short-term neutral.   DCE iron ore September gave back the last rebound, currently maintaining in the area from 768.0 – 817.5. A breakthrough out of this band would indicate a potential to create a direction. Otherwise, iron ore potentially exhaust and move in narrower range. Hourly MACD narrowed below 0 axis. Hourly slow …

Continue reading “Iron Ore DCE September Daily Technical Review 03/08/22”