Bollinger band reading : bullish biased.
MACD Histrogram : getting lower slowly, buyer still in.
Support : 2550, 2521, 2500 level.
Resistant : 2550, 2570, 2590 level.
Comment :
FCPO trade marginally higher with better volume transacted today despite a better soy oil future price. Hourly chart reading remained bullish and likely to trade side way range bound upside biased. However market could have some test at the lower support level as MACD Histrogram sliding lower slowly before continue to move up higher.
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