Crude palm oil futures traded mostly higher today after tested the a new high at 2518 followed by some late profit taking activities pushed the price down to closed up only 4 points at 2482. Today's doji bar candle ended near the upper Bollinger band with the band width continue to expand = further upward movement still insight. However, MACD Histrogram turned slightly lower = profit taking activities could take place anytime to close position ahead of a long weekend. Immediate resistant rest at the 2525 level and support at 2450 level.
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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