Verdict – Short-term neutral.
DCE iron ore January contract created roof area from 745.0 – 755.0, as intra-day high rejected by this area. Thus, iron ore was still in bearish territory. Hourly slow stochastic KD created a bearish divergence with hourly candles movement. Hourly CCI returned to bullish territory. Short-run signals were indicating a neutral sentiment.
The first support is 713.5. The first resistance is 755.0.