FCPO closed : 2386, changed : -88 points, volume : higher.
Bollinger band reading : downside biased.
MACD Histrogram : reversed lower, seller dominating.
Support : 2350, 2300, 2240 level.
Resistant : 2400, 2450, 2500 level.
Comment :
Double top slightly break down FCPO ended the week lower with increasing volume traded despite a better latest export data released. Weekly chart reading just started to turned into a downside biased reading but the selldown seem a little overdone that could trigger a pullback before continue to fall lower testing new support level. PS : Hope that this is not a false double top break down as the break is not significant.
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