Verdict- Neutral to Bearish.
DCE Jan24 contract broke two important supports at 851.0 and 859.0 respectively. Hourly MACD widened in bearish area. Hourly slow stochastic KD created a dead cross. Hourly CCI entered bearish territory. In short-run, iron ore potentially test low in next few sessions.
First support 823.5. First resistance 851.0.
