Verdict- Neutral.
DCE Jan24 contract walked in narrow range till the end of market spike supported by the bigger growth on DCE coking coal. Thus, hourly slow stochastic KD created gold cross in oversold area. Hourly CCI moved close to bullish territory. If a breakthrough on last high at 998.5, iron ore would re-enter bullish run. Otherwise, it is still a reversal from top area in mid-run.
First support 963.0. First resistance 998.5.
