Iron Ore DCE May23 Daily Technical Review 06/03/22

Verdict – Short-term neutral. DCE iron ore May23 contract dumped by Asian morning opening, however recovered partial loss by closing. From hourly chart, MACD moved from bullish territory to bearish range. CCI however, moved back from bearish territory in the afternoon session. Iron ore needs to test important resistance at 900.0 again. The first support …