Bollinger band reading : side way downside biased.
MACD Histrogram : reversed higher, seller still in.
Support : 2450, 2400, 2370 level.
Resistant : 2470, 2500, 2521 level.
Comment :
FCPO traded higher on recovering crude oil and soy oil futures prices in lower volume transacted. Daily chart reading still suggesting a downside biased market development.
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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