FCPO closed : 2611, changed : +19 points, volume : low.
Bollinger band reading : bullish but could go side way range bound.
MACD Histrogram : getting lower slowly, mild profit taking.
Support : 2606, 2590, 2560 level.
Resistant : 2630, 2670 level.
Comment :
Higher overnight soy oil futures price lead crude palm oils futures price to gap up to the resistant level followed by profit taking activities. Chart wise, FCPO might need some rest by going side way range bound or even downward(continue profit taking) before gathering enough strength to climb up further.
No comments:
Post a Comment