Iron Ore DCE January24 Daily Technical Review 08/11/23

Verdict- Neutral. DCE Jan24 contract consolidated during the day, however the high of day was rejected by the previous periodic high area from 937.0- 938.0. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created gold cross. Hourly CCI recovered from bearish territory to neutral area. First support 913.5. First resistance 938.0.