Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller stay with small exposure.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Stronger Ringgit plus a recovering soy oil futures price lead FCPO to recovered and closed higher for the second half session. Daily chart reading continue to show a side way range bound market for the near term.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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