Bursa Malaysia crude palm oil futures traded in a narrow 23 point range today to closed 28 points higher at 2238 in unison with soy oil futures upward price movement. At closed of today, the doji bar candle edged higher near the upper Bollinger Band signaling an upside biased movement market. Bollinger Band width keeps on spreading wider also suggesting a potential upward movement market. MACD Histrogram rising gratually indicates that buyer activities persists slowly but has yet to turned aggressive.
When to buy : Buy on dip or break up with larger cut loss and profit target.
When to sell : Cannot initiate short position.
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