Iron Ore DCE Sep Daily Technical Review 7/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth trading day, however resisted below the important pivot level at 1253.5, which was a previous high. A rejection on this level for the next few days potentially bring iron ore into a consolidation area. Hourly MACD flattened. Hourly CCI recover and spiked to …