Verdict- Neutral to bullish.
DCE Sep23 contract rebounded for the second day, breakthrough the descending tunnel created last week. Hourly MACD maintained in bullish territory. CCI headed down to neutral area from bullish territory. Iron ore potentially test high in the next few sessions. In mid-run, iron ore potentially recover bullish if breakthrough 794.5- 803.0 resistance band.
First support 760.0. First resistance 803.0.
