Bollinger band reading : side way upside biased.
MACD Histrogram : weakening, buyer still in.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
FCPO started the new week with improved sentitment by trading higher following better soy oil futures price development. Hourly chart wise, market seems having a pullback correction after price opened and surged way above the upper Bollinger band and is likely to trade side way range bound upside biased.
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