After yesterday sell down, FCPO gap up today in respond to soy oil futures market surge overnight. Crude Palm Oil futures ended the morning session up 44 points to closed at 2155 with better volume traded. On hourly chart reading, price still stayed below mid Bollinger Band suggest that the upward movement doesn't look promising yet. Bollinger Band width also unchange since opening indicate a side way range bound market. MACD Histrogram rise gratually show that buying activity are not so encouraging at the moment.
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