Crude palm oil futures closed up 11 points at 2493 after market opened gap up, tested the high at 2521 followed by profit taking activities to pushed price down to closed at the low of the first session. Price stay near above the middle Bollinger band with the band width turning inwards = the upward movement market are likely to trade side way range bound in the near term. MACD Histrogram slipping lower into the negative zone = profit taking activities took place with low buying interest present. The immediate support stand at the plotted upward trend line followed bt the 2475 level.
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