Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : getting lower, buyer disposing position.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
Finally, a correction day took place on the super bull FCPO market that eased lower in high volume transaction after soy oil futures price corrected plus a negative ITS export data that record 14.7% decline.
Hourly chart shows market opened gap down lower and continue testing lower support level with a correction range bound upside biased market reading.
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