Iron Ore DCE May Daily Technical Review 10/2/22

Verdict – Short-term neutral. DCE iron ore May22 recovered major loss from previous two days, however with lower volume compared to previous two trading days. Hourly slow stochastic KD created a gold cross near oversold territory. Hourly MACD created a gold cross. Hourly CCI approached bullish territory. The first support is 800.0, the first resistance …