Crude palm oil futures traded weaker today down 18 points to closed at 2152 due to bearish sentiment development on soy oil futures price. Touched and closed slightly above the mid Bollinger band = the side way market has yet but almost turned negative with the posibility of moving either way at this point. Bollinger band width contracted for the second day = still a side way downward correction biased market. MACD Histrogram lower = selling activities monopolized today's market.
When to buy : buy on weakness or support level with quick cut loss and profit.
When to sell : sell on strength or resistant level with quick cut loss and profit.
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