Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : recovering, buyer may continue to build position.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
26 points range FCPO recorded gain for the first session in strong supportive volume traded after soy oil and crude oil recovered strongly. Hourly chart wise, market opened and broken higher resistant level with the reading suggesting a side way range bound little upside biased market development.
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