Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller taking small exposure.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
FCPO rebounded higher recorded gain with slower volume participation following a price rebounding world major commodities market plus a weaker US Dollar. Daily chart formed a wide range up bar candle closed breaking above middle Bollinger band with a remained unchanged side way range bound market reading with MACD negative divergence crossed down.
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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