Bollinger band reading : bullish.
MACD Histrogram : getting weaker, buyer closing position.
Support : 2590, 2570, 2521 level.
Resistant : 2620, 2650, 2670 level.
Comment :
Seems like the drop in major world commodities futures market have little impact on FCPO that ended the day slightly lower with higher volume changed hand. Daily chart outlook remained unchanged with bullish biased with further upside potential.
When to buy : buy at support/weakness/break out with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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