Verdict- Neutral.
DCE Jan24 contract rebounded slightly, however maintained in the range from 859.0 -881.5. A breakthrough on the range box would potentially mean a reversal, otherwise iron ore maintain neutral. Hourly slow stochastic KD weakened. Hourly CCI approached bullish area. Hourly MACD narrowed in bearish area.
First support 859.0. First resistance 881.5.
