Crude palm oil monthly chart wise is trading below and resisted by the mid Bollinger band within a narrowing Bollinger band width = market are generally trading biased to the downside despite the released of positive export figure. MACD Histrogram craw up higher slowly = only mild buying interest exist in the market. Overall market are likely to trade side way range bound. Overall, market are likely to trade side way and downward biased but if price managed to penetrate above the mid Bollinger band supported my increased volume will give some hope for some upward movement.
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