Iron Ore DCE Sep24 Daily Technical Review 12/06/24

Verdict- Neutral.

DCE Sep24 saw exhaustion and stablised during the day. Hourly MACD potentially create gold cross in the next session. Hourly CCI entered neutral area from bearish territory. Iron ore potentially ended correction and entered consolidation period. The next important resistance is 824.5.

First support 780.0. First resistance 824.5.