Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : getting higher, buyer present.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2600, 2620 level.
Comment :
FCPO ended the day firmer in sustaining volume transacted following a stronger soy oil futures price development. Daily chart reading has turned into a side way range bound market little upside biased market with MACD Histrogram positive divergence spotted.
When to buy : buy at support/weakness/break up with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
No comments:
Post a Comment