FCPO closed : 2542, changed : -2 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : weakenning, buyer reducing position as seller testing market.
Support : 2540, 2500, 2450 level.
Resistant : 2600, 2650, 2700 level.
Comment :
2 ticks lower week on week FCPO tested lower support near middle Bollinger band and rebounded upward to closed off the low as putting effort to support the market after interested seller testing market strength. Weekly chart form a long lower part shadow doji bar candle and the outlook turned into suggesting a side way range bound correction market.
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