Today crude palm oil closed at the high of 2419 up 48 point but with lower volume traded in tandem with the encouraging improved export figure released both export cargo surveyor. Market was traded slowly through out the day followed by last minutes pushed price to closed at the high. Chart wise do look promising for the uptrend to continue with both Bollinger band and MACD reading having supporting signals to go up further. But having said that, the only doubt will be the low volume traded giving the impression that the upward movement might not be sustainable. Overall, market still having good odds to move higher with possible temporary pull back or side way for some rest.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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