Crude palm oil futures open gap up due to stronger soy oil futures price and traded side way the whole morning to closed 21 points higher at 2440 with low volume traded. At closing, price managed to keep staying at the upper Bollinger band with the band width continue to widen = market sentiment still favour the upside. MACD Histrogram continue to edge up higher buy slowly = buyer activities dominate the market by a small margin. More volume transaction is needed in order for the upward price movement to sustain or else market is likely to trade side way range bound with immediate support stands at 2419 level.
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