Bollinger band reading : side way downside biased.
MACD Histrogram : getting lower, seller in control.
Support : 2330, 2300, 2270 level.
Resistant : 2350, 2370, 2400 level.
Comment :
Broken 2 support levels FCPO ended the day lower with lesser volume changed hand as fear of global economy recovery pace dragged most commodities price lower. Daily chart shows that price penetrated and closed below the lower Bollinger band level with a side way range bound downside biased reading that potentially having a upward pullback correction.
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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