Verdict – Short-term neutral, be aware of reversal.
DCE iron ore Jan contract rebound with increasing volume, Jan contract created historical high at 886.0. However hourly slow stochastic KD created dead cross near overbought area. Hourly CCI created bearish divergence with hourly candle from the first hour of the day.
The first support is 850.0. The first resistance is 886.0.
