Verdict – Short-term neutral.
DCE iron ore May22 tested low and recover major loss, slight correct compared to the opening on night session. Hourly MACD potentially created gold cross. Hourly CCI was approaching bullish territory. Short-run neutral without seeing clear direction on DCE market. It is worth noticing that the gap yesterday was filled, which means the support in gap area also become invalid. The current support moved down to 821.0.
The first support is 821.0, the first resistance is 874.0
