Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer seized control again.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
FCPO rally higher in ultra high volume after soy oil recording huge again in tandem with major commodities futures market that march higher. Hourly chart wise, market opened gap up and stayed higher above upper Bollinger band level. Technical reading suggesting a further upside biased market with possible pullback correction.
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