Iron Ore DCE May23 Daily Technical Review 13/03/22

Verdict- Neutral in Short-run

DCE May23 contract recovered major losses in Friday, returning to consolidation area. Hourly MACD was flat. Hourly CCI and Hourly slow stochastic KD maintained neutral. In short-run iron ore needs to test the range level from 900 – 932.5, otherwise there is no trend in short-run

First support 900.0. First resistance 932.5.