Bollinger band reading : bearish.
MACD Histrogram : getting lower, seller market.
Support : , 2440, 2400 level.
Resistant : 2470, middle Bollinger band, 2500 level.
Comment :
Weaker soy oil and crude oil futures price leads FCPO to opened lower and traded side way 17 points range bound despite improved export data released this morning. Hourly chart wise looks bearish with possible further downside but trader may have to wait for market reaction when the release of export data by another cargo surveyor SGS at the afternoon session today.
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