Bollinger band reading : side way downside biased.
MACD Histrogram : reverse upward, seller taking profit.
Support : 2330, 2300, 2270 level.
Resistant : 2350, 2370, 2400 level.
Comment :
Continue weaker FCPO traded in quiet volume tight range market in tandem with a weaker commodities price.
The hourly chart seem hovering along the lower Bollinger band level that once tested below but recover quickly to closed above immediate 2330 support level. Outlook still remained unchanged with a side way range bound downside biased reading.
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