Verdict- Neutral to Bullish.
Iron ore was traded in narrow range as expected. The low of day reached 798.0, which was higher than first support at 791.0. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created gold cross in oversold area. CCI reversed from three month low to neutral area. Iron ore potentially test high in next session.
First support 791.0. First resistance 830.0.
