Bollinger band reading : side way downside biased.
MACD Histrogram : recoverry paused turned lower, seller increase position.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2590 level.
Comment :
Wild swing FCPO reached 7 days higher duritng the first session but failed to sustain follow by turned aggressive seller push price all the way to closed right at the low of the day. Daily chart reading shows that market 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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