FCPO closed : 2498, changed : +49 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer seems getting aggressive to gain control.
Support : 2450, 2400, 2350 level.
Resistant : 2500, 2540, 2600 level.
Comment :
FCPO penetrated above middle Bollinger band to register another week of gain with continue improving volume transacted. Despite the 2 weeks surge, weekly chart outlook still recommending a side way range bound market development in the near term.
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