Iron Ore DCE Sep24 Daily Technical Review 21/06/24

Verdict- Neutral.

DCE Sep24 corrected following the weak Asia stock market. Hourly MACD widened in bearish territory. Hourly CCI entered bearish territory. Hourly slow stochastic KD deepened correction. Iron ore potentially see support if hold up 797.0 level.

First support 797.0. First resistance 840.0.