Bollinger band reading : correction range bound upside biased.
MACD Histrogram : getting weaker, buyer book in profit.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
FCPO eased lower in thin volume traded after yesterday price surged despite a firmer soy oil futures price. Hourly chart shows that market is having correction after price spike up above upper Bollinger band level with the reading suggesting a correction range bound upside biased market testing support near middle Bollinger band level.
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