Crude palm oil futures closed lower today at 2170 down 48 points. Still managed to keep itself above mid Bollinger band = market is still supported in a side way ranging market. Bollinger band width wider by a fraction = market volatility remained remained in a smaller range. MACD Histrogram fall lower = seller participation outnumber buyer today. Overall still a side way ranging market. Must monitor US Dollar, soy oil and crude oil price developement closely for direction guide.
When to buy : buy at support or break out with with quick cut loss or profit.
When to sell : sell on strength or if support broken with quick cut loss or profit.
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