Iron Ore DCE Sep24 Daily Technical Review 20/05/24

Verdict- Neutral.

DCE Sep24 refreshed 4-months high at 906.0 and corrected sooner after that. Hourly slow stochastic KD created dead cross near the boundary of bullish area and corrected. Hourly CCI dropped from bullish territory to neutral area. Iron ore would supported by 878.5 and also see heavy resistance at 906.0.

First support 878.5. First resistance 906.0.