Iron Ore DCE January24 Daily Technical Review 29/11/23

Verdict- Neutral. DCE Jan24 contract rebounded slightly during the entire trading day. The major contract expected to roll to May24 in the next few trading days. From hourly chart, MACD narrowed in bearish territory. Hourly slow stochastic KD rebounded after a gold cross created last night. A rebound required a breakthrough on 964.5. Otherwise iron …