Bollinger band reading : bearish.
MACD Histrogram : stopped falling, seller took profit.
Support : 2580, 2555 level.
Resistant : 2600, 2630 level.
Comment :
FCPO continue to fall in unison with Dalian palm oil and soy oil futures prices. Market hitted the low at 2590 followed by short term seller locking in profit pushed price to closed slightly higher off the low. With the last 3rd candle bar closed below the lower Bollinger band, market could have a pullback affect anytime before continue to trade lower.
No comments:
Post a Comment