Tech run sparked by early buying on strong soyoil price. Mkt saw support at 2300 psychological lvl, contributing to a +ve tone throughout the day.
Technically, fcpo managed to reverse recent dwtrend mode by claiming 7-day SMA, Bears have to go back to the drawing board while waiting to see whether the mkt will sideways at 2300-2350 first or back to 2-week old range near 2400.
Immediate support is raised to 2320. Above this, bulls will dominate, attempt at 2350 is expected or 2400 if soyoil price strengthen along.
Technically, fcpo managed to reverse recent dwtrend mode by claiming 7-day SMA, Bears have to go back to the drawing board while waiting to see whether the mkt will sideways at 2300-2350 first or back to 2-week old range near 2400.
Immediate support is raised to 2320. Above this, bulls will dominate, attempt at 2350 is expected or 2400 if soyoil price strengthen along.
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