Bollinger band reading : bearish.
MACD Histrogram : nearly unchanged.
Support : 2470, 2440, 2400 level.
Resistant : 2500, 2521 level.
Comment :
FCPO traded in a 37 points range side way ranging market through out the entire day. Once tested above the 2500 resistant level but last hour sudden weaker crude oil and soy oil futures price due to a surge in the US Dollar pulled down FCPO to closed unchanged. Daily chart still remained bearish and suggesting a side way range bound downside biased market.
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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