Bollinger band reading : side way range bound little down biased.
MACD Histrogram : getting lower, buyer closing position as seller taking changes.
Support : 2650, 2620, 2600 level.
Resistant : 2670, 2700, 2720 level.
Comment :
Price plunge in world commodities prices plus a stronger US Dollar triggered FCPO sell down ended lower recorded 2.45 % dropped with higher volume transaction traded after market opened lower and pushed upward but failed breaking few levels of support. Daily chart formed a small body doji bar candle closing below middle Bollinger band with the reading turned into suggesting a side way range bound little downside biased market development.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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