Iron Ore DCE May23 Daily Technical Review 22/03/22

Verdict- Bearish in Short-run. DCE May23 contract entered a correction phase as expected. The current iron ore accelerated correction each time broke important support level. All support level from our reports become the significant intra-day support. Hourly MACD in bearish territory. Hourly CCI maintained in bearish territory. The market potentially stay in bearish mode without …