Bearish - start of a correction. Recorded a new high of 3294 before 'water-falling', all in the last couple of hours. Broke down from the 'bearish flag' and turned bearish and closed at the lows of the day with a fairly higher volume. Support ; 3230, 3202, 3170. Resist; 3294, 3305. 3385.
Sideways - still within 'bearish flag' even though not making new highs. Looks 'toppish' at the moment but today's close may confirm. Support; 3255,3230, 3202. Resist; 3276, 3305. 3385. Range target ; 3240 - 3280.
Bullish - still within the 'bearish flag' charting a higher high of 3276 and a higher low albeit a lower volume. Open gap up but closed near the lows of the day. Market seems 'out of breath' at the closing after opening very strong. Support ; 3220, 3202, 3171. Resist; 3276, 3305, 3385. Range target; 3220 - 3310.
Bullish still. Even though closed lower, but recorded higher high and higher low. Price is still within the 'bearish flag' and above both moving averages. Support ; 3171, 3142, 3118. Resist ; 3244,3270,3300. Range target ; 3194 - 3260. Upside target ; 3372.
Bullish- recorded a higher high and higher low and closed at high of the day with moderate volume. FCPO now forming a 'bearish flag' and as long as the price is within the flag it's bullish. If it breakdown its bearish. Support; 3171,3142, 3118. Resist; 3244, 3270,3300. Range target;3170-3245. Upside target; 3372.
Open higher but closed lower recorded a lower low of 3036 but a higher high with slightly higher volume. Market is still within the 'falling wedge'. Bearish if price within wedge or break down, bullish if break up. Support; 3020, 2980, 2914. Resist; 3110, 3146, 3190. Range target; 3025 - 3090.