Iron Ore DCE January24 Daily Technical Review 07/09/23

Verdict- Neutral.

DCE Jan24 contract tested low hit at 831.0. A breakdown on 831.0 in next session would indicate a reversal from bullish to bearish in mid-run. Otherwise, standing on this level would maintain iron ore at neutral area. Hourly CCI entered bearish area. Hourly MACD widened in bearish territory.

First support 831.0. First resistance 865.5.