Wow ! Another steaming FCPO market today with some last hour action that pushed up the price to closed at 2260, up 70 points due to positive soy oil and crude oil market development. Today's wide range bar candle managed to touched and closed near the upper Bollinger band with encouraging volume traded = market sentiment has turned bullish again. Bollinger band width also responded to the surge by turning expanding = will likely to trade upside biased. MACD Histrogram also turned up higher = buyer dominated the market today. Another interesting development will be the possible forming of inverted head and shoulder pattern break out.
When to buy : buy at support or break out with larger cut loss and profit target.
When to sell : sell only at breaking down of support with quick stop loss and profit target.
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