Verdict- Neutral.
DCE May24 contract temporarily ended the fast drop during the past two trading days. Hourly MACD widened in bullish area. Hourly CCI was rejected by bullish territory. Iron ore in short-run secured the area between 885.5- 915.0, however be aware of breakdown on 885.5 could bring market back to mid-run bearish trend.
First support 885.5. First resistance 915.0
