Bollinger band reading : downside biased.
MACD Histrogram : reversed lower, seller taking chances.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2590 level.
Comment :
Weaker soy oil futures price development lead FCPO to trade lower with improved volume changed hand. Daily chart recorded a weaker outlook with further downside potential.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with larger cut loss and profit target.
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