Bollinger band reading : upside biased.
MACD Histrogram : turned downward, buyer taking profit.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
FCPO extending gain on early Monday with supportive volume traded as buyer turned aggressive again due to a stronger soy oil and crude oil futures price after negative non farm payroll data lead to a weaker U.S. Dollar.
Hourly chart show market opened and testing higher resistant level hovering around upper Bollinger band with the outlook having upside biased reading with possible pullback correction.
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