FCPO closed : 2515, changed : -40 points, volume : lower.
Bollinger band reading : sentiment turned negative.
MACD Histrogram : getting lower, selling activities continue to increase.
Support : 2490, lower Bollinger band level.
Resistant : middle Bollinger band, 2550 level.
Comment :
FCPO traded negatively today and couldn't even climb back to yesterday 2555 closing price level. Stronger US dollar and directionless soy oil futures price together with holiday mood is believed to major reason for a weaker FCPO closing. Expecting market to trade side way range bound with further downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target
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