Verdict – Short-term neutral.
DCE iron ore May23 contract extended growth and refreshed listed high during the trading day. The 900.0 level became the next resistance. Hourly slow stochastic stayed around the boundary of overbought area. Hourly MACD narrowed in bullish territory. The mid-run trend maintained bullish, however be aware of changing hands and big volatility at this price level.
The first support is 879.0. The first resistance is 900.0
