Iron Ore DCE May24 Daily Technical Review 06/03/24

Verdict- Neutral. DCE May24 contract traded in smaller range as expected. From hourly chart, the support was clearly at 860.5, which was the lower bound of the rangebox. However the high of rangebox decreased from 905.0 to 895.5 and 885.5 gradually. The good news is that hourly MACD created gold cross, along with CCI left …