Iron Ore DCE January Daily Technical Review 27/09/22

Verdict – Short-term neutral.   DCE iron ore January contract once approached 722.0, however returned to important area at 718.5, which used to be a strong resistance yesterday. Hourly CCI was close to bullish territory. Hourly MACD was preparing to enter bullish territory as well. A breakthrough on 728.0 would extend the growth. Otherwise iron …