Verdict – Short-term neutral.
DCE iron ore pushed up during morning session, since DCE coking coal upsoared and support all ferrous products. However iron ore leaked after priced-in the sentiment and massively long covered by the last trading hour. From hourly chart iron ore potentially test low in 730.5 area since previous high rejected below 750.0 area.
The first support is 730.5. The first resistance is 752.0
