Verdict – Short-term neutral, be aware of taking gains of market.
DCE iron ore rebounded with higher highs and lows. However still resisted by 1069.5 in particular during the last trading hour. In short-run, be aware of the taking gains when market reaches 1069.5-1079.0 area. From hourly chart, slow stochastic flattened after a dead cross. Hourly MACD potentially create a dead cross.
The first support is 1042.5. The first resistance is 1079.0
