Verdict- Neutral.
DCE Sep24 contract slight corrected from last closing. The price movement saw some exhaustion with evaporation of open interest and volume. Hourly MACD narrowed in bullish territory. Hourly slow stochastic KD created dead cross in overbought area. Hourly CCI corrected from bullish area to neutral area. In short-run, iron ore is waiting for the direction. A new high to break 826.0 potentially accelerate the upward trend.
First support 800.0. First resistance 826.0.
