Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : turned lower, buyer retreat as seller getting aggressive.
Support : 2570, 2550, 2520 level.
Resistant : 2600, 2620, 2650 level.
Comment :
High volume transaction FCPO ended first half lower in tight 22 points range market after overnight soy oil futures price traded lower. Hourly chart wise, market opened lower below lower Bollinger band level and currently having upward pullback correction with still downside biased reading.
No comments:
Post a Comment