Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller seize control.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Fall in Dalian palm oil futures market and a weaker soy oil futures price affect FCPO price to continue weaker today in much better volume transacted but support seems holding well at previous testing level. Hourly chart reading suggesting a downside movement biased potential market testing lower support level.
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