A less interesting development in the crude palm oil weekly chart reading as price still hovering up and down near the mid Bollinger band level. However, price did closed above the mid Bollinger band with the band width just started to expand marginally = giving a mild upward biased movement signal. MACD Histrogram also continue to climb higher(but still near zero level) = buyer activities seems continue to persist over the last 3 weeks. Overall market could be in the process of direction discovering phase with a little hint of going upward.
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