Verdict- Neutral to Bearish.
DCE Sep24 corrected following the sharp correction of gold and copper during the day. As we mentioned in the last report, the last growth was not sustainable. Hourly slow stochastic KD created dead cross in overbought area and deepened correction. Hourly CCI was approaching bearish territory. Hourly MACD created dead cross and widened in bearish territory. Iron ore potentially see testing low in next few sessions.
First support 890.0. First resistance 924.5.
