Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : edge up higher, not much action from both buyer and seller.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Quiet FCPO traded in negative zone through out the entire morning session within a 12 points range market.
Hourly chart shows that market is currently having a upward correction within a side way range bound downside biased market after market plunged heavily at Monday morning session.
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