Iron Ore DCE September23 Daily Technical Review 26/06/23

Verdict- Neutral.

DCE Sep23 contract opened low at 785.0 and closed high at 797.0. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created higher gold cross in neutral area. Hourly CCI broke bearish territory and entered neutral area. Be aware of 812.5, which was the major resistance level from Jun 19th.

First support 784.0. First resistance 812.5.