Iron Ore DCE September Daily Technical Review 24/06/22

Verdict – Short-term neutral.   DCE iron ore September contract tested both first support and resistance, finally consolidate in a narrower range. It is expected that iron ore would keep in a narrower range in the next few days with a loss on both trading volume and open interest. The last three hours movement started …

Iron Ore DCE September Daily Technical Review 23/06/22

Verdict – Short-term neutral.   DCE iron ore September contract terminated previous 12-day loss by 26.32% since June 7th. However it is worth noting that the daily rebound yet to recover the last single day slump yesterday . The recent mid-run resistance at 790.5 yuan, which was the upper bound of previous gap. 728.5 shift …