Bollinger band reading : upside biased.
MACD Histrogram : continue higher, buyer present and seller retreat.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO recovered and ended the first session higher in tight range thin volume market following soy and crude oil futures price rebound. Hourly chart shows that market in trading upside biased with potential pullback correction taking place as the previous 2 candle bar position above upper Bollinger band.
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