Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer seems testing market.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2520, 2550 level.
Comment :
Poor trading volume FCPO manage to record small gain for the morning session after market opened lower and traded side way within a tight 22 points range. Hourly chart wise, market tested and closed above middle Bollinger band resistant level with the outlook suggesting a side way range bound reading.
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