Category archives: Technical Reports

Iron Ore DCE January24 Daily Technical Review 31/10/23

Verdict- Neutral to Bullish. DCE Jan24 contract rebounded as expected. However, the upward trend is slowing down. Iron ore saw intra-day resistance from 902.5- 904.0. Hourly MACD created dead cross. Hourly CCI entered bullish territory from neutral area. Short-run technical signals were indicating an exhaustion in current level.   First support 881.5. First resistance 920.