Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in control.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Weaker Soy oil and Crude oil futures price lead FCPO to opened and traded in negative zone through the morning session in passive rate of transaction volume. Hourly chart shows that market is having a temporary pullback correction after opened gap down within a downside biased potential market.
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