Bollinger band reading : bullish.
MACD Histrogram : getting a little weaker.
Support : 2500, 2470, 2440 level.
Resistant : 2521, 2550 level.
Comment :
Despite weaker soy oil futures price, FCPO opened lower but recovered back to positive territory in just about 30 minutes time with supportive volume traded. Hourly chart reading remained bullish with possible testing further upside resistant level.
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