Bollinger band reading : side way range bound.
MACD Histrogram : getting weaker, buyer seller in battle.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
FCPO eased lower in moderate volume transaction changed hand after soy oil futures price traded flat plus a long China market holidays. Hourly chart wise, market opened little higher and tested 2750 resistant level and retreat downward to touched and closed below 2720 support level with the reading suggesting a side way range bound market development.
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