Iron Ore DCE May24 Daily Technical Review 06/12/23

Verdict- Neutral to Bullish.

DCE May24 contract returned to bullish run after a big rebound. Hourly MACD widened in bullish area after a gold cross. Hourly slow stochastic KD spiked to overbought area. Hourly CCI reached the high after November 23rd.

First support 890.0. First resistance 958.0.