Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller in control.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2520, 2550 level.
Comment :
FCPO continue to head south again today after market ended lower in ultra high volume transaction traded after both export cargo surveyor release a drop in export figures. Daily chart wise, market opened higher at the high of the day and dive deep below breaking below crucial psychology 2500 support level with the reading suggesting a downside biased market testing lower support level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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