Bollinger band reading : range bound downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 2400, 2370, 2350, 2330 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Not much second session actions FCPO closed 5 point higher in better volume transacted within a tight 22 points range market. Daily chart continue to show upward correction taking place within a downside biased market reading plus a potential positive MACD Histrogram positive divergence.
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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