FCPO last looked : 2610, changed : +40 points, volume : average.
Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer building position.
Support : 2600, 2570, 2550 level.
Resistant : 2620, 2650, 2670 level.
Comment :
FCPO recorded gain after opened gap up and surged higher in moderate volume transaction changed hand following a weaker US Dollar plus stronger soy oil and crude oil price. Hourly chart wise, price moving along with the moving upward upper Bollinger band as the outlook turned into an upside biased reading testing higher resistant level.
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