Verdict- Neutral to Bullish.
DCE iron ore tested high however dragged by the weak Asian equities during afternoon session. Daily slow stochastic created gold cross in oversold area from last Wednesday. Daily MACD created gold cross today. Iron ore should have upside room in mid-run. From hourly chart, MACD widened in bullish territory. Hourly candles were in an ascending tunnel. Iron ore potentially test high in next session.
First support 748.0. First resistance 795.5.
