Iron Ore DCE September Daily Technical Review 27/06/22

Verdict – Short-term neutral. DCE iron ore September contract approached the previous gap from 779.0 – 790.0 area, a successful breakthrough on this area would confirm the effectiveness of a continious rebound. Hourly MACD flattened. Hourly slow stochastic KD flattened in high area. Hourly CCI potentially correct in bullish territory. Short-run technicals were indicating an …