Verdict- Be Aware of Reversal.
DCE May24 contract opened high however retreated all gains compared with high open last night. From hourly chart, MACD narrowed in bullish territory. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI corrected from bullish area to neutral area. The upward movement of iron ore saw exhaustion. Thus, be aware of reversal.
First support 979.5. First resistance 1000.0.
