Iron Ore DCE September23 Daily Technical Review 20/04/22

Verdict- Neutral. DCE Sep23 contract corrected during the day, however we maintain neutral verdict as the market regained support near 757.0 – 760.0 area. Hourly MACD widened in bearish territory. Hourly slow stochastic KD was preparing for a breakthrough on the boundary of oversold area. Hourly CCI approached neutral territory from bearish territory. The technical …