Bollinger band reading : downside biased.
MACD Histrogram : turned higher, seller reduce position.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
30 points range FCPO managed to recovered some of yesterday losses ended the day higher but in lesser contracts changed hand. Daily chart reading still favour a further downside potential market with correction still taking place in the near term.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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