Crude palm oil futures closed lower today at 2180 down 17 points due to unexciting export figures released by two export cargo surveyor and some negative news affecting a weaker soy oil price on the futures market. At closed, today's black bar candle still keeping itself above the mid Bollinger Band shows that market tone has yet to turned negative. Bollinger Band width wider by a small degree signaling that market can resumed its upward movement anytime. MACD Histrogram stay nearly unchanged resulting a rematch tomorrow between buyer and seller.
When to Buy : Buy on dip or break up with larger cut loss and profit targer.
When to Sell : Sell only price break below mid Bollinger Band.
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