Bollinger band reading : side way downside biased.
MACD Histrogram : ping pong, buyer seller battling still.
Support : 2650, 2620, 2590 level.
Resistant : 2670, 2700, 2730, 2750 level.
Comment :
Despite firmer overnight soy oil futures price, Bursa Malaysia FCPO and China Dalian palm oil futures traded weaker in negative breath with ultra high volume changed hand. Hourly chart reading shows some weakness with a downside biased side way range bound market outlook as the 2670 support turned resistant level broken.
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