Verdict- Neutral.
DCE Sep24 rebounded during last half hour with growing open interest. Hourly MACD narrowed in bullish territory. The hike was believed as testing pressure on 906.0 level. If iron ore stand on 906.0, the price expected to strengthen. Otherwise iron ore potentially consolidate in the old range between 870.0 – 906.0 again.
First support 885.0. First resistance 930.0.
