Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller returned.
Support : 2650, 2620, 2590 level.
Resistant : 2670, 2700, 2730 level.
Comment :
Thin volume traded FCPO recovered some of yesterday losses ended the morning session higher after soy oil futures traded firmer and improved export data released by ITS cargo surveyor. Despite trading higher, the near dead volume and hourly chart reading didn't reflect the positive price movement and suggesting a side way range bound little downside biased market.
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