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Verdict- Neutral to Bearish. DCE Sep24 corrected as expected and broke the second support around 850.0. Hourly MACD widened in bearish territory. Hourly CCI was in bearish area. In short-run, iron ore potentially test low according to technical signals. First support 805.0. First resistance 850.0.  

Verdict- Neutral to Bearish. DCE Sep24 corrected significantly dragged down by sharp correction on copper and silver. Hourly MACD widened in bearish territory. Hourly slow stochastic KD deepened correction. Iron ore entered mid-run correction again after broke 880.0 level. First support 850.0. First resistance 880.0.  

Verdict- Neutral. DCE Sep24 corrected following the neutral to bearish outlook from beginning of the week. However, iron ore potentially regained support above 880.0 level. There were five flat hourly candles created and followed with a rebound in last hour, a signal of exhaustion on the selling side. Hourly slow stochastic KD created gold cross …

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