Bollinger band reading : pullback correction upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 3250, 3200, 3150, 3100 level.
Resistance : 3270, 3300, 3350, 3420 level.
Comment :
FCPO closed recorded loss with slowing down volume participation. Soy oil price currently trading little weaker after overnight ended little lower while crude oil price recording loss overnight closed higher.
FCPO price slide lower ahead of next Monday Kuala Lumpur palm oil conference after soy oil and crude oil pullback lower having correction.
Technical reading remained suggesting a pullback correction upside biased market development.
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.
1 comment:
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The stock market offers people the ability to generate a separate income stream apart from their daily jobs, or income streams which are superior to those from traditional savings deposits. But before you even think about buying and selling shares, you must know the fundamentals of the stock market and of trading.
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