Iron Ore DCE May24 Daily Technical Review 03/01/24

Verdict- Be Aware of Market Reversal.

DCE May24 contract created new high, with expanding volume. Hourly CCI entered neutral area. Hourly slow stochastic KD created dead cross in overbought area. Hourly MACD narrowed in bullish area.

First support 950.0. First resistance 1050.0.