Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer taking partial profit.
Support : 2770, 2750, 2720 level.
Resistant : 2800, 2850, 2900 level.
Comment :
Profit taking FCPO eased little lower in moderate volume participation after market opened gap up higher above 2800 psychological level recorded new high followed by profit taking activities press price downwards. Hourly chart wise, price opened above upper Bollinger band and head south doing pullback correction with the reading suggesting a correction range bound upside biased market.
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