FCPO gap down during opening today due to bad sentiment spillover from soy oil futures price and closed the morning session 33 points lower at 2175 near the high because of ITS month to month export figure shows nearly 16% growth. Hourly chart wise, it is hovering around the mid Bollinger band level and Bollinger band stayed flat = market could still trade side way range bound. MACD Histrogram drilling lower = buyer face pressure holding up the market. Immediate support level currently stand at the mid Bollinger band level. Wondering can it hold the market from coming down.
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