Seems like FCPO is still not able to detach from the small range trading market with only 18 points range traded. At closed of the morning session, FCPO closed 25 points lower at 2193 after gap down at the opening. Hourly chart wise, FCPO is trading below mid Bollinger Band = market are bearish in the immediate near term. Bollinger band width also expanded = market still have room to go down further potentially. MACD Histrogram continue to drop lower = seller are eager to sell as compare to buyer wills to buy. Overall, FCPO are biased to the downside in the immediate term.
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