Bollinger band reading : upside biased.
MACD Histogram : resume rising, buyer in control.
Support : 3620, 3550, 3500, 3470 level.
Resistance : 3650, 3700, 3720, 3750 level.
Comment :
FCPO closed rallied higher with sustaining volume changed hand. Soy oil price currently trading higher after overnight closed recorded small gain while crude oil price condinue to test lower support level.
Price rallied higher after MPOB reports showing lower inventory level with improved export for the month of March with cargo surveyor reported higher export data.
Technical reading adjusted to suggesting an 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:
I like the charts. Keep it up. :)
Post a Comment