Iron Ore DCE May23 Daily Technical Review 14/03/22

Verdict- Neutral in Short-run

DCE May23 contract consolidated in the previous expected rangebound from 900.0 – 936.0. It is hard to see a direction unless a breakthrough on current range. Hourly slow stochastic KD created dead cross beneath the overbought area. Hourly CCI potentially entering bearish territory. Hourly MACD created dead cross.

First support 900.0. First resistance 936.0.