Verdict – Short-term neutral.
DCE iron ore September contract inched up during the day, with flat volume compared with yesterday. Iron ore created higher highs and lows, however resisted by import level at 836.0, which was the upper boundary of a previous gap. CCI, slow stochastic KD and MACD in hourly chart all became flat during the last hour. In short-run maintain neutral unless an effective breakthrough on 836.0 level with expanding volume.
The first support is 783.0,the first resistance is 836.0.