Bollinger band reading : side way range bound downside biased.
MACD Histrogram : rising higher, seller back off as buyer getting aggresive.
Support : 2450, 2400, 2370 level.
Resistant : 2470, 2500, 2521 level.
Comment :
Improved volume 22 points range FCPO continue trade higher today after soy oil staying firm at the current price level. Daily chart shows that market tested above the middle Bollinger band and the plotted downward trendline resistant level but still closed below it with the reading suggesting a side way range bound little downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
No comments:
Post a Comment