Bollinger band reading : range bound upside biased.
MACD Histrogram : weakening, buyer taking partial profit.
Support : 2620, 2600, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Higher overnight soy oil and crude oil lead FCPO to opened higher and traded range bound within a 20 points range market in moderate volume transaction. Hourly chart show that market traded range bound between resistant 2650 level with the reading suggesting a range bound consolidation upside biased market.
No comments:
Post a Comment