Bollinger band reading : correction range bound upside biased.
MACD Histrogram : turned lower, buyer reducing exposure.
Support : 3300, 3270, 3200 level.
Resistant : 3350, 3420, 3450 level.
Comment :
FCPO traded marginally higher with lesser volume changed hand ahead to ITS and SGS export cargo surveyor data. Daily chart formed a doji bar candle rebounding from the middle Bollinger band support level with the reading still suggesting a correction range bound upside biased market development.
When to buy : buy at support and 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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