Verdict- Neutral to Bullish.
DCE Jan24 contract spiked from 1% to 3.78% during the last half hour before closing. The market regained support and turn from bearish to a recovery mode even excluding the last half hour. Hourly slow stochastic KD soared up after created gold cross in oversold area. Hourly MACD created a gold cross. In short-run, iron ore potentially keep testing high in next session.
First support 845.0. First resistance 881.0.
