FCPO closed : 2335, changed : -49 points, volume : improved.
Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller defending well.
Support : 2300, 2240, 2200 level.
Resistant : 2350, 2400, 2450 level.
Comment :
Slightly improved volume and wider range market FCPO continue to trade lower for the week due to a weaker world commodity price and unexciting export data figures.Weekly chart wise witness a follow through confirmation of double top break down with the reading suggesting a further downside biased market.
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