Tag archives: TR

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”

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”

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”

Verdict – Short-term neutral.   DCE iron ore Sep22 are rolling to Jan23, expected to finish within the week. Thus, it should be hard for September contract to attract more new buyers in the aftermarket. The contract was hit shortly after refreshing new high of the month. Hourly MACD maintained weak. Hourly slow stochastic KD …

Continue reading “Iron Ore DCE September Daily Technical Review 01/08/22”

Verdict – Short-term neutral.   DCE iron ore September corrected with both decreasing open interest and volume. Thus, iron ore potentially faces a correction or consolidation. Hourly slow stochastic KD corrected to neutral area after a dead cross created in overbought area. Hourly MACD created dead cross.   The first support is 755.5. The first …

Continue reading “Iron Ore DCE September Daily Technical Review 29/07/22”

Verdict – Short-term neutral to bullish.   DCE iron ore September maintained strong as expected. Hourly MACD widened above 0 axis. Hourly CCI stayed in bullish territory. Iron ore hourly candles rebounded following a ladder shaped ascending structure. Short-run technical signals were indicating continuing rebound.   The first support is 703.5. The first resistance is …

Continue reading “Iron Ore DCE September Daily Technical Review 26/07/22”