Bollinger band reading : side way range bound.
MACD Histrogram : getting weaker, seller still in.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2590 level.
Comment :
Quiet FCPO opened and traded weaker in tight range thin volume following lower overnight soy oil futures price development. Hourly chart near term trend line still down with the indicators suggesting a side way range bound market testing support and resistant level.
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