Bollinger band reading : side way downside biased.
MACD Histrogram : turned upward, seller took profit.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Higher overnight soy oil futures price lead FCPO to recovered all of yesterday's loss ended the day higher in thin volume and boring 15 points tight range market. Daily chart side, reading remained side way range bound downside biased. However a possible tiny little double bottom could be forming that carrying a positive signal.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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