Bollinger band reading : bearish.
MACD Histrogram : dive lower, seller in charge.
Support : 2480, 2450 level.
Resistant : 2500, 2521, 2550 level.
Comment : What a wild swing, exciting and wash day ! Totally tricky and totally professional ! FCPO traded negatively through out the day and tested the 2480 support level which is also the lower Bollinger band and bounce back to closed off the low. Daily chart wise, today long leg doji bar candle suggest that the correction might have overdone and market may rebound upward from this level. Funny but I still have today's mid day study MACD Histrogram positive divergence appearing in my mind. Lets see what happen tomorrow. Ha ha =) .
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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