Iron Ore DCE January Daily Technical Review 07/11/22

Verdict – Short-term neutral to bullish. DCE iron ore January contract recovered most of losses created in early morning before closing. The daily candle ended with a doji. The short-run uptick motive slowed down. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross in overbought area. However iron ore maintain resilient …