Bollinger band reading : correction range bound downside biased.
MACD Histrogram : getting higher, seller taking profit.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2520, 2550 level.
Comment :
Tight range quiet trading volume FCPO recovered slightly having pullback correction after 2 days significant dropped. Hourly chart formed few doji bars candle traded side ways after price touched lower Bollinger band yesterday with the reading suggesting a correction range bound downside biased market. Mean while, Indonesia just announced a raised in export tax to 6% for the month of September compare to 3% for August.
No comments:
Post a Comment