Bollinger band reading : bearish.
MACD Histrogram : recovering, seller locking in partial profit.
Support : 1267, 1255 level.
Resistant : 1276, 1280, 1286 level.
Comment :
Seller continue to press the sell button since market opened in the morning follow by partially profit taking activities. Hourly chart does look ugly with price coming down like water diving divers. Expecting further downside market development but there is a possible pullback as price drop too severely.
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