Iron Ore DCE January24 Daily Technical Review 20/10/23

Verdict- Neutral to Bearish.

DCE Jan24 contract corrected with expanding volume. Hourly slow stochastic KD widened in bearish territory. Hourly slow stochastic KD entered bearish territory. Hourly CCI entered bearish territory. Iron ore potentially test low in next few sessions.

First support 812.5. First resistance 854.0.