Iron Ore DCE Sep24 Daily Technical Review 03/07/24

Verdict- Neutral to Bullish.

Iron ore price increased as expected from last report. Hourly MACD widened in bullish territory. Hourly slow stochastic KD entered overbought area. Hourly CCI approached the high created on June 26th. Iron ore potentially maintain bullish in next few sessions.

First support 848.5. First resistance 870.0.