Bollinger band reading : range bound correction upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
FCPO ease lower marginally after past few days of rally in moderate volume transaction as buyer decide to book in partial profit. Hourly chart wise, market opened higher after crude oil and soy oil overnight rally but facing porfit taking selling pressure pushing price downward and current having a pullback correction. Outlook suggesting a range bound correction upside biased market reading.
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