A double bottom formation has been identified on the FCPO weekly chart basis that tested the neckline resistant. All the indicators in the chart are showing an upside biased market movement for the week ahead thats favour a double bottom break up. Should this is the case the immediate target/resistant will be at the 2800 level. And should the break up failed, expecting a sideway range bound market with the resistant still rest at the 2523~2525 level and immediate support stands at the 2285 and followed by the middle Bollinger band level.
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