Iron Ore DCE September23 Daily Technical Review 12/04/22

Verdict- Neutral.

DCE Sep23 contract returned to rangebound area from 771.0 to 803.0, after rejected by 803.0. Hourly MACD narrowed in bullish area. Hourly CCI retreated after failing to breakthrough the bullish boundary.

First support 771.0. First resistance 803.0.