Iron Ore DCE January24 Daily Technical Review 27/10/23

Verdict- Neutral to Bullish.

DCE Jan24 contract broke important resistance at 881.5 and entered the second acceleration period. Hourly MACD widened above 0 axis. Hourly CCI entered bullish area. Iron ore potentially maintain bullish above 881.5 area.

First support 881.5. First resistance 900.