Bollinger band reading : side way range bound upside biased.
MACD Histrogram : weakening, not much action from both buyer and seller.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2600, 2620 level.
Comment :
Ended lower 14 points range FCPO traded side way range bound through out the morning session directionless in slow transacted volume following a weaker overnight soy oil futures price. Hourly chart shows that market continue to have correction by trading side way range bound with some upside biased tendency.
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