Stronger commodities price push FCPO price to closed higher at 2587 up 57 points with supportive volume transacted. At closed, the daily candle stayed near the upper Bollinger band = the downward correction has ended with possible upward movement resume. Bollinger band with getting narrower = market upside is temporary limited to the upper Bollinger band, may go side way from there before the band width started to turn outward. MACD Histrogram recorded higher reading = buyer has returned back to the market. With the underlying strength gathered after downward rest correction of the uptrend market, expecting a trade upside biased with immediate target/resistant at 2606 followed by 2651 level.
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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