Iron Ore DCE January24 Daily Technical Review 02/11/23

Verdict- Neutral to Bullish.

DCE Jan24 contract rebounded as expected. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD flattened in bullish territory. Hourly CCI entered bullish area. The market indicated an exhaustion before closing. However price level maintain strong in mid-run.

First support 900.0. First resistance 950.0.