Bollinger band reading : bearish.
MACD Histrogram : reversed slightly higher, up and down, up and down.
Support : 2400, 2370, 2330 level.
Resistant : 2440, 2470, 2500 level.
Comment :
One day down, one day up market for FCPO ended today with significant volume changed hand after market tested the support broken low and follow by buying activities pushed price to closed way off the low due to soy oil futures price recovery. Daily chart wise still suggesting a bearish near term outlook with price record lower low. Expect marke to trade side way range bound downside biased.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with larger cut loss and profit target.
No comments:
Post a Comment