Bollinger band reading : range bound upside biased.
MACD Histrogram : rising higher, not much action from both buyer and seller.
Support : 2300, 2270, 2250 level.
Resistant : 2330, 2350, 2370 level.
Comment :
Continue firmer FCPO traded in light volume after ITS released up 9.14% export data for the period of 1~10 Jul 2010. Hourly chart shows market continue to test higher resistant level by registering higher highs and higher lows. Outlook wise, market is trading in range bound upside biased reading.
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