Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in control.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Improving volume FCPO traded slightly lower within a 47 points range market despite a stronger crude oil and soy oil development. Daily chart reading remain downside biased with further downward movement 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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