20091008 1845 FCPO EOD Daily Chart Study. Sell down day.

A boring and exciting day for the FCPO that opened today with a bored small range body with low traded volume followed by a excited last half an hour sell down high volume action. At last, market closed @ 2030, 47 points lower with a 64 points range to from a black range bar candle. At closed, price still traded below mid Bollinger Band = Bearish + market is ready to dive deeper with the end of the technical rebound. Bollinger Band width widen today suggest that market can go down further. MACD histrogram started to fall again today after a few day rise due to the rebound = Seller took charge the market again. One thing to take notice will be the China's Dalian Palm Oil Futures market movement that start trading tomorrow after a long holiday break.

When to Buy : Cannot initiate long position, only cut loss order.
When to Sell : Higher to sell or sell on break down with larger profit target and cut loss point.