Thursday, October 22, 2009

20091022 1442 FCPO Hourly Chart Study.



FCPO bounce back to resume it upward movement in unison with soy oil and crude oil futures closed high yesterday night. At closed of the first half, price managed to touched the upper Bollinger Band = a sign of the return of the bullish sentiment back to the FCPO. Bollinger Band width also started to spread its wings shows that there is more upside potential. MACD Histrogram is also suggesting that buyer start to return back into the market. 

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