Bollinger band reading : side way range bound downside biased.
MACD Histrogram : rising higher, seller book in profit as buyer shows interest.
Support : 2300, 2270, 2250 level.
Resistant : 2330, 2350, 2370 level.
Comment :
FCPO rebounded higher in softer volume traded following overnight soy oil rallied upward to 1 week high.
Hourly chart shows that market opened gap up and traded side way doing pullback correction after recent price fall with the reading suggesting a side way range bound downside biased market.
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