Bollinger band reading : side way downside biased.
MACD Histrogram : turned downward, seller defended well.
Support : 2350, 2330, 2300 level.
Resistant : 2370, 2400, 2450 level.
Comment :
Better volume transaction FCPO resumed downward movement to closed lower following a continue weaker soy oil and crude oil prices. Daily chart shows that seller retained control of the market pressing price to come down lower with the reading call for a side way range bound downside biased market.
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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