Bollinger band reading : side way downside biased.
MACD Histrogram : rising paused. seller refuse to leave.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2590, 2620 level.
Comment :
Improved volume and volatility FCPO eased lower due to weaker soy oil and crude oil futures price and a stronger US Dollar exchange rate. Daily chart shows that the upward correction could have possibly stop and market may resume it downward movement from here waiting for tomorrow price movement for confirmation. Expect market to trade side way range bound downside biased in the near term.
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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