FCPO managed to closed 42 points higher to closed at 2210 today after opening gap up to form a doji bar candle. Due to soy oil futures priced undertaking some correction after last night price surged, FCPO price also facing some difficulties to rise higher. Looking at the daily chart, all indicators also suggest a potential upside biased movement market. But having said that, at last looked soy oil future down 0.47 and crude oil futures also droping 1.21.
When to buy : Buy on dip order near support level with larger cut loss and profit target.
When to sell : Sell only when price drop below support with quick cut loss and profit target. But not advisable.
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