20091102 1052 FCPO Weekly Chart Study.
Looking at crude palm oil weekly chart, it is hovering up and down at the mid Bollinger band within the narrowing Bollinger band width = market are likely to trade side way range bound with the support near 2000 level and resistant near 2300 level. MACD Histrogram edge up higher but still inside negative zone = No significant buying or selling activities in the market. Overall market are likely to trade side way range bound.
No comments:
Post a Comment