Verdict – Short-term neutral.
DCE iron ore corrected from the high of 1079.0 created on last Friday, the support area was in 1016-1022 area. From hourly chart, CCI was still testing two week low area. Hourly KD became flat after the dead cross in 8th. MACD became flat in bearish area.
The first support is 1022.0. The first resistance is 1079.0
