FCPO closed : 2572, changed : -5 points, volume : lower.
Bollinger band reading : bearish biased market.
MACD Histrogram : recover slightly, seller reduce exposure.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
Low volume range bound continue correction FCPO eased marginally lower after mixture export figure data released by 2 export cargo surveyors. Daily chart formed a doji bar candle and overall reading remained biased to the downside with side way range bound market development.
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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