Iron Ore DCE September23 Daily Technical Review 04/07/23

Verdict- Neutral.

DCE Sep23 contract closed slightly below the open. The trades and positions were crowded in the range 814.0- 830.0. Hourly MACD was in bearish area. Iron ore maintain neutral in short-run unless a break on the trading range mentioned above.

First support 800.0. First resistance 830.0.