Bollinger band reading : correction downside biased.
MACD Histrogram : reversed upward, seller lock in profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Overnight rally and continue higher soy oil futures price seems to have less effect on that FCPO trade little higher for Sep 2010 contract in encouraging volume(but continue traded lower for continuous month that closed 2391 yesterday). Hourly chart shows that market is having an upward correction within a downside biased market reading.
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