Bollinger band reading : correction side way range bound.
MACD Histrogram : recovering, seller closing position.
Support : 2570, 2550, 2520 level.
Resistant : 2600, 2620, 2650 level.
Comment :
FCPO ended higher in decreasing volume changed hand after opened above and tested resistant turned support and at 2550 and closed right at 2570 level. Daily chart formed a longer lower part shadow doji bar candle in between lower and middle Bollinger band with the outlook turned into a side way range bound market reading.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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