Iron Ore DCE September23 Daily Technical Review 25/07/23

Verdict- Neutral.

DCE Sep23 contract broke important resistance during the last two weeks at 551.5- 554.5 area. Hourly slow stochastic KD approached overbought area. Hourly CCI tested high and corrected. Be aware of events driven potentially see taking gains in short-run.

First support 823.5. First resistance 884.0.