Verdict – Short-term neutral.
DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD slow rebounded. Technical signals were indicating neutral in current market.
The first support is 712.0, the first resistance is 753.5
