Bollinger band reading : correction downside biased.
MACD Histrogram : getting higher, seller reducing exposure and buyer shows interest.
Support : 2350, 2330, 2300, 2270 level.
Resistant : 2370, 2400, 2450 level.
Comment :
FCPO correction continue to take place today as price ended up firmer in slower volume changed hand today. Daily chart shows that market managed to break and stay above middle Bollinger band and 2350 critical resistant level with a correction ranging downside biased reading.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target.
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