20091007 1022 Soy Oil Futures Trading Higher @ 34.40

At last done, soy oil future trading higher @ 34.40 near Mid Bollinger Band. Bollinger Band width narrowed by a fraction suggest that market will be sideway range bound. MACD histrogram show a sign of recovery by edging higher. Other catalyst come into play will be the weather development, export figure from MBOP, ITS and SGS. With this FCPO market is likely to gap higher.