Iron Ore DCE September23 Daily Technical Review 11/04/22

Verdict- Neutral to bullish in Short-Run.

DCE Sep23 contract gained support above important level at 771.0. Thus 771.0- 773.0 became a mid-run support. Hourly MACD returned to bullish territory. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI reached bullish territory.

First support 771.0. First resistance 820.0.