Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer taking chances.
Support : 3920, 3900, 3850 level.
Resistance : 3950, 4000, 4070 level.
Comment :
New 3 year high FCPO continue to trade firmer recorded gain with increasing volume changed hand on tight supply concern and ahead of tomorrow export data while soy oil futures price traded higher.
Daily chart formed an up doji bar candle positioned at upper Bollinger band level with the bandwidth turning outwards suggesting a potential further upside biased market development testing higher resistance.
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