Bollinger band reading : side way range bound downside biased.
MACD Histrogram : recovering, holiday mood for buyer and seller.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Holiday mood FCPO closed the morning session marginally higher in quiet ultra low volume market. ITS and SGS cargo surveyor released 12.9% and 9.4% weaker month on month export data figure respectively. Hourly chart also showing boring reading with market likely to trade side way range bound little downside biased.
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