Iron Ore DCE Sep24 Daily Technical Review 29/04/24

Verdict- Neutral.

DCE Sep24 corrected slightly, however in the consolidation range in general. Iron ore saw lower lows and lower highs for the past two trading days. A breakdown at 846.5 level potentially initiate a mid-run correction. Otherwise iron ore maintain consolidation.

First support 846.5. First resistance 895.5.