Bollinger band reading : bearish.
MACD Histrogram : recovering slowly.
Support : 2440, 2400,
Resistant : 2470, 2521, middle Bollinger band level.
Comment :
Another tricky day for FCPO! Recovery on the US Dollar and news related to China economy triggered a wild swing on FCPO market today forming a doji bar candle. Daily chart remained biased to a bearish outlook in the near term with some recovery taking place. Intraday trader challenging 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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