Bollinger band reading : correction range bound upside biased.
MACD Histrogram : getting lower, buyer taking profit.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
29 point range, low volume participation FCPO traded range bound and closed the first session edge up slightly after soy oil futures price recorded not much changes. Hourly chart wise, price hovering near the middle Bollinger band level with the reading suggesting a correction range bound upside biased market.
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