Iron Ore DCE Sep24 Daily Technical Review 19/04/24

Verdict- Neutral, be aware of market reversal.

DCE Sep24 corrected slightly, however higher than major support. Hourly MACD widened in bearish territory. Hourly CCI entered bearish area. Hourly candles created a descending tunnel. Be aware of market reversal.

First support 847.0. First resistance 906.5.