Iron Ore DCE September23 Daily Technical Review 19/05/22

Verdict- Neutral. DCE Sep23 contract corrected during the trading day. Hourly slow stochastic KD corrected after created a dead cross near overbought area. Hourly CCI approached bearish territory. A stand on 719.5 in next few sessions would indicate the ascending tunnel should be supportive to the price movement. Otherwise iron ore returned to mid-run neutral …