Verdict – Short-term neutral to bullish.
DCE iron ore September contract rebounded significantly with short position cut loss before the long weekends. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened above overbought area. Hourly CCI maintained in bullish territory. Be aware of the gains taking approaching listed high at 944.5 in next few days.
The first support is 900.0,the first resistance is 944.5
