Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer having small exposure.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2600, 2620 level.
Comment :
FCPO seems still trading in holiday mood by closing a point lower for halftime in thin volume. Hourly chart reading look upside biased but in question here will be sustainability as volume is just too low but let see hope that bigger volume will return to the market in the second half session. On the other hand, soy oil futures is have a weaker price development and crude oil futures price is retracing downward after reaching 3 weeks high.
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