Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller still in.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO rebounded as a result of pullback correction after price traded way below lower Bollinger band and managed to recovered most of yesterday losses in lesser volume changed hand in unison with the recovering soy oil and crude oil futures prices. Daily chart reading remained downside biased with temporary pullback correction taking place.
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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