Bollinger band reading : side way range bound downside biased.
MACD Histrogram : weakening, no significant exposure by both buyer and seller yet.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570, 2600 level.
Comment :
One day up one day down FCPO closed lower today in deminishing volume. Daily chart reading started to shows a side way range bound market with some downside biased potential.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with quick cut loss and profit target.
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