Bollinger band reading : side way correction downside biased.
MACD Histrogram : recovering, seller lock in profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Correction market FCPO traded up slightly in thin volume transaction following soy oil and crude oil that rebounded up marginally. Hourly chart shows that last Friday last hour sell down lower close triggered a pullback correction with the reading suggesting a side way range bound downside biased market.
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