Bollinger band reading : side way little downside biased.
MACD Histrogram : recovering, seller reducing position.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Recovery on crude oil and soy oil futures price after market sell down yesterday lead FCPO to end the first session on higher ground recovered most of yesterday losses in lesse volume traded. Hourly chart reading shows a pullback correction market taking place after yesterday panic selling closing within a little downside biased market.
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