Bollinger band reading : side way downside biased.
MACD Histrogram : lower, seller taking chances.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Low volume and support level broken FCPO opened and traded weaker in unison with weaker soy oil futures price during the morning session. Negative sentiment occupied the hourly chart reading that is suggesting a side way range bound downside biased market in the near term.
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