Iron Ore DCE Sep24 Daily Technical Review 06/06/24

Verdict- Neutral to Bullish. DCE Sep24 reversed during the trading day with decrease on open positions and an increase on volume, indicating previous sellers taking gains. As we expected, the bearish trend called an end technically in short-run. Hourly MACD widened in bullish territory. Hourly slow stochastic KD hiked after a gold cross near oversold …