Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller getting serious.
Support : 2600, 2570, 2550 level.
Resistant : 2620, 2650, 2670 level.
Comment :
FCPO dive deeper again closing lower in high volume transaction traded as sentiment turned negative in anticipation of weaker demand. Hourly chart shows market opened and tested resistant level followed with seller came in to start their program selling pressed price to downward breaking and closed below support level. Outlook wise, market reading suggesting a downside biased development as price moving in the pace of the Bollinger bans width expansion.
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