FCPO started the week positively by closing 67 point higher at 2486 in unison with soy oil futures bullish price development. Looking at the chart, all indicators still agreed on the bullish development of crude palm oil. However, today's white candle closed above the upper Bollinger band shows that today hikes might be a little over extended to triggered some profit taking.
When to buy : buy at support or weakness with quick cut loss and profit target or buy on 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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