Verdict- Neutral to Bearish.
DCE May24 contract moved in narrow range during most time of day, however tanked during last half hour, which resulted in a dead cross from hourly MACD, slow stochastic KD and a sharp drop on CCI to bearish territory. The last half hour drop attracted increasing volume. Iron ore will test the effective of 865.0 as the next support.
First support 865.0. First resistance 905.0.
