Verdict- Neutral.
DCE Sep23 contract corrected during the day. Hourly MACD created dead cross. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI reached bearish territory after rejected by the boundary of neutral and bullish area. The technical signals are still indicating a potential to test low, however the correction wasn’t expected to become sustainable as the candles gained intra-day support around 773.5.
First support 760.0. First resistance 803.0.
