Verdict – Short-term neutral to bullish.
DCE iron ore January contract rebounded as expected, breakthrough 745.5 and 755.5 during one trading day. Hourly slow stochastic KD approahced bullish territory. Hourly MACD widened in bullish area. Short-run signals were indicating a rebound in continue.
The first support is 742.5 The first resistance is 787.5
