Verdict – Short-term neutral.
DCE iron ore Jan22 created a doji during the day with no significant direction. Short-run resistance fell on 560.0 – 561.0 area. Short-run support on 532.0 area which created a very fast rebound. Houlry MACD exhausted above 0 axis and became neutral. Hourly CCI fell to bearish boundary. Short-run technicals were indicating an exhaustion on previous rebound and neutral.
The first support is 532.0, the first resistance is 561.0
