Bollinger band reading : upnside biased.
MACD Histrogram : reversed downward, buyer testing market as seller retreat.
Support : 2570, 2550, 2520 level.
Resistant : 2600, 2620, 2650 level.
Comment :
Continue firmer soy oil and crude oil futures prices leaded FCPO to opened gap higher and traded side ways in tight 10 points range and quiet volume transaction. Hourly chart shows market opened above upper Bollinger band and move side ways with the reading call for a upside biased market development.
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