Verdict – Short-term consolidate at high level.
DCE iron ore September is expected to roll to January contract as major contract from tomorrow or early next week. According to historical rule, rolling normally come along with smaller open interest. That is to say, the previous long interest built to push iron ore market up potentially will take gains sometime next week. From hour chart, MACD is narrowing above 0 axis. Slow stochastic KD flattened.
The first support is 901.5. The first resistance is 915.0.
