Verdict – Short-term neutral to bull.
DCE iron ore Sep22 contract rebounded massively after rolling from May22, and become the major contract during the day. Hourly chart of MACD widened above 0 axis. Hourly slow stochastic KD reached over bought area. Hourly CCI stablised above 100 level.
The first support is 834.5,the first resistance is 857.0