Verdict- Neutral to Bearish.
DCE Jan24 contract created two highs from 995.0 – 998.5. A breakdown on 960.0-963.0 would potentially trigger a mid-run level correction. Be aware of intra-day resistance at 980.0. A rejection on 980.0 would drive price movement towards 963.0 level. Hourly MACD widened in bearish territory. Hourly CCI returned to neutral area from bearish territory.
First support 963.0. First resistance 998.5.
