Bollinger band reading : side way
MACD Histrogram : getting higher slightly, battle between buyer and seller.
Support : 2450, 2400, 2380 level.
Resistant : 2470, 2500, 2521 level.
Comment :
Ranging FCPO ended the day right a the low of the day with nearly halfed volume changed hand compare to yesterday. Daily chart shows that market is likely to stay side way range bound downside biased in the near term and market have yet to break above the plotted downward trendline.
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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