Crude palm oil closed unchanged today at 2208 level after gap down during opening and traded in a narrow range through out the day even after both export cargo surveyor released out positive export figure right until the last trading hour of the day only market started to push up higher. On the daily chart, the white range bar candle closed above mid Bollinger band = market sentiment has yet to turned negative. Bollinger band width remained narrower = market still trading side way range bound. MACD Histrogram stay nearly unchanged = buyer and seller tide to a draw game today. Overall market still trading side way range bound.
When to buy : buy on weakness with quick cut loss and profit target.
When to sell : sell on strength with quick cut loss and profit target.
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