Bollinger band reading : correction range bound downside biased.
MACD Histrogram : getting lower, interested seller testing market.
Support : 2650, 2620, 2600 level.
Resistant : 2670, 2700, 2720, 2750 level.
Comment :
Overnight falled on soy oil futures price lead FCPO to opened and tested near lower support level and traded range bound. Hourly chart shows that market opened lower below lower Bollinger and level and are now having correction with the reading suggesting a downside biased market development.
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