Verdict- Neutral.
DCE Sep23 contract corrected during the day. However the current four hourly candles were indicating a potential of recovery. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created gold cross in oversold area. Hourly CCI entered neutral area from bearish territory. Iron ore potentially test low again during next session, however potentially regain support as long as support by 715.5 level.
First support 715.5. First resistance 736.0.
