FCPO closed : 2490, changed : -40 points, volume : lower.
Bollinger band reading : bearish.
MACD Histrogram : getting lower, seller in charge.
Support : 2460, 2430 level.
Resistant : 2530, 2550 level.
Comment : Another tricky day. Improved export data released today didn't prevent FCPO from traded lower and even tested another lower level at 2466 followed by seller profit taking activities pushed FCPO price to recovered and closed off the low. All daily chart indicators agreed on a bearish further downside potential market for FCPO in ther near term. Hmmmm.. Perhaps market is authentically weak even with positive news around.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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