Iron Ore DCE May24 Daily Technical Review 19/02/24

Verdict- Neutral to Bearish.

DCE May24 contract opened high however closed low. Hourly MACD narrowed in bullish area. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected from bullish area to neutral area.

First support 936.0. First resistance 960.0.