Iron Ore DCE May24 Daily Technical Review 07/03/24

Verdict- Neutral. DCE May24 contract traded in smaller range as expected. The high of 896.0 created an intra-day resistance for next session. Iron ore in general moved within the 860.5 – 905.0 rangebox as mentioned in early of the week. Hourly slow stochastic KD potentially create dead cross below oversold area. Hourly CCI reached bullish …