Iron Ore DCE Sep24 Daily Technical Review 03/06/24

Verdict- Neutral to Bearish.

DCE Sep24 corrected as expected and broke the second support around 850.0. Hourly MACD widened in bearish territory. Hourly CCI was in bearish area. In short-run, iron ore potentially test low according to technical signals.

First support 805.0. First resistance 850.0.