Bollinger band reading : side way range bound downside biased.
MACD Histrogram : turned weaker, seller returned.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Increasing volume FCPO slide lower after market opened at the low but managed to recovered some of the day losses after soy oil and crude oil futures price rebounded. Daily chart reading call for a side way range bound downside biased market testing previous strong support level.
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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