Verdict – Short-term neutral.
DCE iron ore consolidate and rebound during the day. Short-run entered a new platform from 700.0 -713.0. From hourly chart, 713.0 was the neckline previously, as well as an intraday resistance. Iron ore aggregated interest flats and fewer changing hands also caused much smaller volume. Hourly CCI was strong. MACD gold cross.
The first support is 700.0. The first resistance is 713.0.
