Bollinger band reading : side way range bound upside biased.
MACD Histrogram : rising, buyer remained in charge.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
Buyer dominated FCPO continue to trade firmer with supportive volume changed hand after market opened gap higher and continue to move upward. Hourly chart show market break above 2500 resistant level and now reached the upper Bollinger band. Outlook wise, technical reading suggesting a side way range bound upside biased market.
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