FCPO closed : 2539, changed : -16 points, volume : low.
Bollinger band reading : bearish with possible further downside.
MACD Histrogram reading : continue lower, seller still in the market.
Support level : 2530, 2510.
Resistant level : 2555, 2575.
Comment :
Market could still trade lower but downside room is limited due to support is just around the corner and a better soy oil future price.
I am trying a more simplified elaboration. Feel free to give comment.
1 comment:
Simplified is better.
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