Iron Ore DCE May24 Daily Technical Review 18/12/23

Verdict- Neutral. DCE May24 contract tested low during the day and recovered most of losses. The verdict changed from bearish to neutral as the technical signals were indicating an exhaustion. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI entered neutral area. Hourly MACD narrowed in bearish area. First support 915.0. First …