Iron Ore DCE Sep24 Daily Technical Review 23/04/24

Verdict- Neutral to Bearish.

DCE Sep24 consolidated during most time of trading day, however tanked during last half hour. Although the low was supported by 847.0, iron ore potentially break this level in next session. Hourly MACD widened in bearish territory. Houry CCI reached bearish territory. The market entered bearish-run in short-term.

First support 800.0. First resistance 869.5 .