Crude palm oil futures correction continued for the 3rd day forming another doji bar candle that closed down 35 points at 2526. Price managed to hold on above the middle Bollinger band = market is still upside biased. Bollinger band width still turning inwards = the correction can still take place in the near future. MACD Histrogram easing to nearer to the zero line level = seller seems a little more aggresive today. Volume transacted was higher compare to yesterday. Market could continue to do correction with the immediate support stands at the middle Bollinger band level but do bare in mind that market could also resume its uptrend movment anytime.
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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