Iron Ore DCE September Daily Technical Review 06/05/22

Verdict – Short-term neutral to bearish.   DCE iron ore September contract tested important resistance level in 883.0- 884.5, rejected and corrected massively after then. As a result, 883.0 – 884.5 was still a major resistance area for iron ore. It is worth noting that iron ore aggregated open interest increased by 5% during the …