Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller returned as buyer cover position.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Better volume FCPO traded lower following a weaker soy oil and crude oil futures price development plus discouraging crude palm oil import news for India. Hourly chart shows that market is having correction after opened gap down severely and the reading suggesting a downside biased potential market for the near term.
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