Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller turned fierce.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Sell down activities continue today as seller confident increase pushing FCPO price to closed near the low with accelerating volume traded. Looking at the hourly chart wise, FCPO has made 8 consecutive down bar candle with the last 2 candles swung way out the lower Bollinger band could trigger seller to lock in profit but overall market is like to trade downside biased with possible temporary pullback.
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