Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer off loading position.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
Crude palm oil futures traded weaker in low volume following soy oil futures price dropped due to stronger US Dollar after Bernanke announced a surprise quarter-point discount rate hike. However the hourly chart of FCPO has yet to turn bearish and still trading in a side way range bound market with some testing effort at support and resistant level.
No comments:
Post a Comment