Bollinger band reading : correction upside biased.
MACD Histrogram : weakening, buyer profit still taking profit.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2520, 2550 level.
Comment :
Morning profit taking session following by second half session bargain hunting resulted FCPO tested below support levels and recovered up to closed at higher ground. Daily chart wise, reading still shows that market is in correction phase within a upside biased development with possible resumption upward movement.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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