Bollinger band reading : upside biased.
MACD Histrogram : rising higher, short covering with buyer present.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Lower volume transacted FCPO traded firmer this morning as soy oil seems refuse to go lower. Hourly chart reading turned from the side way range bound into an upside biased potential market with possible temporary downward correction to take place soon as price surge through above upper Bollinger band and near resistant level.
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