Bollinger band reading : side way range bound with a little upside biased.
MACD Histrogram : edge up higher, seller leaving.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Quiet 16 points range FCPO traded higher despite weaker overnight soyoil futures price development. Market continue to do correction and is likely to stay side way range bound with a little upside biased in the near terms as shown on the hourly chart reading.
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