Iron Ore DCE January24 Daily Technical Review 05/09/23

Verdict- Neutral. DCE Jan24 contract was majorly traded in the range 836.5- 865.5 during the past three trading days. Hourly slow stochastic KD saw correction after a few lower dead crosses. Hourly CCI corrected from bullish area and approached bearish area. Hourly MACD widened in bearish territory. In short-run maintain neutral outlook unless a breakthrough …

Iron Ore DCE January24 Daily Technical Review 04/09/23

Verdict- Neutral. DCE Jan24 contract tested high and corrected quickly in the afternoon, finally supported by 836.5 area. Hourly CCI corrected from 4-week high. Hourly slow stochastic KD created two consecutive lower dead crosses. Hourly MACD created dead cross. Iron ore potentially regain support if standing on 836.5 for several sessions. First support 836.5. First …