Iron Ore DCE January24 Daily Technical Review 20/11/23

Verdict- Neutral. DCE Jan24 contract rebounded, however currently maintained in the wide range box from 945.0 – 976.0 area. A breakthrough or breakdown on the range box would mean directional change in mid-run. In short-run, hourly MACD created gold cross. Hourly slow stochastic KD created gold cross and improved in neutral area. First support 945.0. …