Iron Ore DCE September Daily Technical Review 26/05/22

Verdict – Short-term neutral.   DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …