Iron Ore DCE September23 Daily Technical Review 04/05/22

Verdict- Neutral. DCE Sep23 contract corrected during the day, majorly impacted by the weak sentiment in commodity market. Iron ore once broke important support at 698.5, however quickly recovered. If a breakdown on current level by 698.0- 700.0 in next few trading sessions, iron ore potentially return to bearish trend in mid-run. Hourly slow stochastic …