Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : recovering, seller closing position.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
Yesterday dropped in soy oil and crude oil futures prices plus a slower month on month export data lead FCPO to opened lower and fall to closed at the low of the session in huge volume transaction. Hourly chart shows that price dropped significantly breaking few support levels with the reading turned into suggesting a side way range bound little downside biased market development.
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