Bollinger band reading : downside biased.
MACD Histrogram : weak but not moving much, seller temporary in control.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Moderate volume FCPO continue to trade lower following soy oil futures price that traded negatively overnight. Hourly chart remained in negative territory through out the whole morning without much buying interest and still potentially trade lower as the Bollinger band width expanded larger.
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