Iron Ore DCE January24 Daily Technical Review 18/10/23

Verdict- Neutral.

DCE Jan24 contract rejected by 876.5 level and eyeing a periodic high around that level. Hourly CCI fell from bullish territory to neutral area. Hourly MACD created dead cross in bullish area. Hourly slow stochastic KD created dead cross in overbought area.

First support 857.5. First resistance 881.5.