Bollinger band reading : correction upside biased.
MACD Histrogram : weakening, buyer lock in profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Fear of lower stock level plus improved export data spurted FCPO price higher in better volume traded.
Hourly chart shows that price surged higher breaking 2400 resistant level before profit taking activities take place to pressed price lower below 2400 with the reading suggesting an upside biased market with pullback correction taking place.
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