Bollinger band reading : side way range bound downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Marginally lower FCPO traded in light volume range bound today without firm direction. Daily chart reading suggesting market to trade side way range bound with still a little downside biased as the middle BOllinger band resistant level tested for the second time.
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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