20091119 0906 FCPO EOD Daily Chart Study.

Crude palm oil futures closed boldly up 58 points at 2400 after tested the minor resistant line at 2405 to reached the high of the day at 2415 and closed back a little lower. Volume traded today are the higest since 26 transaction days ago. Yesterday huge white candle closed way above the upper Bollinger band with the band width expanding = market started to trending upward with supporting volume. MACD Histrogram to rise for the fourth day = buying forces heavily represented in the market. Anticipating some correction will likely to take place soon due price over extended yesterday. Immediate support at 2285 and resistant at 2405 follow by 2522 level. 
When to buy : buy at support or weakness with larger cut loss and profit target. 
When to sell : sell at resistant or strength with quick cut loss and profit target.