Iron Ore DCE Sep24 Daily Technical Review 14/06/24

Verdict- Neutral to Bullish.

DCE Sep24 rebounded as we expected, with expanding volume and decreasing open interest. The intra-day closing broke through 824.5, considered as a return to bullish in short-run. MACD widened in bullish territory. Hourly CCI approached bullish territory. The market potentially test high in next session.

First support 818.0. First resistance 838.5.