Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller testing support level.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
Decline in export data released lead FCPO to trade lower in ultra high volume transaction despite market opened higher and seller take the opportunity to start their program selling again pressed price lower tested support level but buyer seems putting effort to hold the 2500 defense line.
Hourly chart wise, price traded around the lower Bollinger band level with the reading suggesting a downside biased market development with possible pullback correction.
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