Monday, November 2, 2009

20091102 1052 FCPO Weekly Chart Study.



Looking at crude palm oil weekly chart, it is hovering up and down at the mid Bollinger band within the narrowing Bollinger band width = market are likely to trade side way range bound with the support near 2000 level and resistant near 2300 level. MACD Histrogram edge up higher but still inside negative zone = No significant buying or selling activities in the market. Overall market are likely to trade side way range bound.

No comments: