Bollinger band reading : downside biased.
MACD Histrogram : recovering, seller reducing position.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Tiny 14 points range market with lesser volume traded FCPO closed the day up slightly as seller reducing exposure ahead of tomorrow export data release. Daily chart reading remained unchanged with a tight range trading downside biased outlook.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target.
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