Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in control.
Support : 2450, 2400, 2370 level.
Resistant : 2470, 2500, 2521, 2550 level.
Comment :
FCPO continue to trade lower today with improving volume transacted due to weaker soy oil futures price development. Daily chart starting to shows a downside negative biased market to take place in the near term testing lower support level.
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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