Iron Ore DCE Jan27 Daily Technical Review 03/09/24

Verdict- Neutral. DCE iron ore widened in bearish territory. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI approached neutral area. Iron ore potentially saw a small rebound from technical signals by next session. However, if a fast breakdown on 688.5 would bring market back to bearish. First support 688.5. First resistance …