Verdict – Short-term neutral bearish.
DCE iron ore September contract corrected as expected in last report. Hourly slow stochastic KD created a second dead cross which was lower than the previous created in last trading day. Hourly CCI was on the boundary of neutral and bearish territory. Short-run signals were indicating a consolidation but room to test low.
The first support is 888.0,the first resistance is 928.0.