Bollinger band reading : side way range bound downside biased.
MACD Histrogram : getting lower, seller still in.
Support : 2530, 2500, 2450 level.
Resistant : 2580, 2630, 2700 level.
Comment :
Improved volume FCPO ended the week at high ground following a strong soy oil futures price development. Despite today's price surge strongly, weekly chart reading has yet to turned positive and still suggesting a side way range bound downside biased market. On the bigger picture, FCPO is also trading within a getting narrower ascending triangle.
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