FCPO closed : 2630, changed : +6 points, volume : low.
Bollinger band reading : side way bullish biased.
MACD Histrogram : turned lower, buyer off loading.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
FCPO traded slightly lower with disappointing volume transacted. Price traded throught out the first session hovering near the middle Bollinger band level with the band width started to turned inward and MACD Historgram continue to register lower reading suggesting market is consolidating and is likely to trade side way range bound with a little upside biased.
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