Verdict- Neutral.
DCE May24 contract rebounded following Asian equity warming. In hourly chart, CCI returned to bullish territory. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD entered overbought area. The open interest of May 24 contract was almost unchanged from late December, suggesting that the market was lack of long-term investment. Thus, a bullish movement potentially see a reversal risk in the next few days.
First support 962.5. First resistance 1000.0.
