Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller reduce exposure.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2590 level.
Comment :
Tight range huge volume FCPO eased slightly lower recovered some of the early session fall as both crude oil and soy oil futures price rebounded. Daily chart continue to consolidate and is likely to trade side way range bound downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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