Iron Ore DCE September23 Daily Technical Review 02/08/23

Verdict- Neutral.

DCE Sep23 contract corrected during the day, potentially test low at important support at 822.0. Hourly MACD narrowed. Hourly slow stochastic KD corrected after a dead cross. Hourly CCI corrected to bearish territory.

First support 822.0. First resistance 849.0.