Crude palm oil futures continue to consolidate traded 19 points lower to closed at 2463. Hourly chart wise, price traded below the middle Bollinger band = market is in selling mood. Bollinger band width turning inwards mildly = side way range bound market likely. MACD Histrogram continue to fall lower = seller took charge of the market in the morning session. Should Bollinger band width reversed and turn outwards, further downside movement would be likely. Immediate support seen at the lower Bollinger band and followed by 2430 level.
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