FCPO closed : 2613, changed : -13 points, volume : High.
Bollinger band reading : bearish.
MACD Histrogram : recovering but the last one reserved slightly, neutral.
Support : 2600, 2560 level.
Resistant : middle Bollinger band, 2650.
Comment :
The released of weaker export data leads FCPO to a closed slightly lower with extremely high volume despite better soy oil and Dalian palm oil futures price. Hourly chart of FCPO still biased to a downside market with possible sideway range bound if the Bollinger band continue to turn inward.
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