Bollinger band reading : range bound downside biased.
MACD Histrogram : reversed upward, seller lock in profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Low season volume transaction FCPO continue to climb little higher tested and stay above crucial resistant level for the first half session. Downward trend line broken hourly chart turned from a downside biased market into a side way range bound market reading with the second last long upper shadow candle bar shows that selling pressure appear as market try to test higher ground in decreasing volume traded.
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