Bollinger band reading : downside biased and possible pullback.
MACD Histrogram : recovering, seller taking partial profit.
Support : 2300, 2270, 2250 level.
Resistant : 2350, 2370, 2400 level.
Comment :
Thin trading volume 12 points range market FCPO traded weaker as negative sentiment still haunting market due to global economy recovery concern. Hourly chart outlook shows that market is trading in a downside biased market with possible 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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