Bollinger band reading : side way range bound market.
MACD Histrogram : recovering, buyer program buying again.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
FCPO continue to test higher ground resistant level with supportive volume closed for lunch little higher.
Hourly chart wise, market opened slightly lower and move upward break above and closed right at the middle Bollinger band level. Technical reading suggesting a side way range bound market testing support and resistant level development. In the mean time soy oil futures price is having downward retracement.
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