Bollinger band reading : side way range bound upside biased.
MACD Histrogram : turned downward again, buyer taking profit.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
FCPO eased lower surrendered partial of yesterday gain with less volume traded as buyer decided to lock in profit after yesterday huge gain. Daily chart wise, downward correction taking place formed a wide range down bar candle with the reading still calling a side way range bound upside biased market.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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