Bollinger band reading : bearish biased market.
MACD Histrogram : falling paused, seller reduce exposure.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
FCPO last minutes short covering pushed price to closed near the high ahead of the weekend recovered most of yesterday losses with lesser volume traded. Daily chart reading still showing a downside biased market with temporary pullback upward correction and the correction is likely to continue by going side way range bound testing higher resistant 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 larger cut loss and profit target.
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