FCPO closed : 2436, changed : -13 points, volume : low.
Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : continue lower, buyer taking profit.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Correction take place FCPO ended the first session lower in slow volume changed hand after last week excessive surge following the steps of soy oil and crude oil futures price. Hourly chart shows that market opened lower and stay side way range bound with the reading suggesting a correction range bound upside biased market.
No comments:
Post a Comment