Iron Ore DCE May24 Daily Technical Review 05/01/24

Verdict- Neutral to Bearish   DCE May24 contract started the second correction day after warning about the reversal risk for last three trading days. Hourly MACD widened in bearish territory. Hourly slow stochastic KD entered oversold area. Hourly CCI entered bearish territory. The market potentially test low in next few sessions.   First support 950.0. …