Bollinger band reading : side way bullish biased.
MACD Histrogram : continue lower, buyer off loading with seller present.
Support : 2590, 2570, 2521 level.
Resistant : 2620, 2650, 2670 level.
Comment :
Drop in most of the world commodities price lead FCPO to closed weaker at the low of the day in low volume. Daily chart outlook suggesting a side way correction market with still bullish biased reading in the near term. Expect market to trade side way with a little downside biased testing lower support level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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