Verdict- Neutral to Bullish.
DCE iron ore rebounded during the day. If a breakthrough on 725.5 level, iron ore will potentially see a fast rebound. Otherwise iron ore largely maintain 688.5- 725.5 area. Hourly MACD widened in bullish area. Hourly CCI approached bullish area. Both open interest and volume decreased. However the technical signals indicated upside rooms for iron ore in short-run.
First support 688.5. First resistance 725.5.
