Iron Ore DCE September Daily Technical Review 15/06/22

Verdict – Short-term bearish.   Iron ore corrected as expected yesterday, with expanding volume and broke down two important support at 900.0 and 875.5 respectively. Hourly MACD went back to bearish area below 0 axis. Hourly CCI refreshed two-month low. Short-run technicals were indicating the correction in continuance.   The first support is 806.0,the first …