Iron Ore DCE September23 Daily Technical Review 30/05/23

Verdict- Neutral to bullish.

DCE Sep23 contract corrected, however maintain neutral to bullish view in short-run as the low was standing above important support at 700.0. Hourly slow stochastic KD deepened correction after creating dead cross. Hourly CCI entered neutral area.

First support 700.0. First resistance 733.0.