Bollinger band reading : side way range bound.
MACD Histrogram : falling, buyer closing position as seller taking exposure.
Support : 3700, 3650, 3620 level.
Resistance : 3720, 3750, 3770 level.
Comment :
FCPO continue to retrace lower recorded loss with higher volume traded as weak demand continue to haunt market triggering buyer to leave as selling testing market.
Daily chart formed a small body down bar candle market opened gap up tested higher traded range bound in the morning session and fall all the way to closed near the low of the day little below middle Bollinger band support level with the reading turned into suggesting side way range bound market development testing support and resistant level.
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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