Iron Ore DCE September23 Daily Technical Review 13/04/22

Verdict- Neutral to Bearish.

DCE Sep23 contract broke important support at 771.0. Thus iron ore returned to the bearish trend. Hourly CCI ticked up by the last two trading hours, however in the bearish territory. Hourly slow stochastic KD potentially create gold cross in oversold area. Hourly MACD widened in bearish territory. Iron ore potentially test low in the next few sessions.

First support 750.0. First resistance 803.0.