Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in control.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO traded cheaper today with slower volume changed hand following a negative crude and soy oil futures price development. Daily chart reading shows that market is having a negative downside biased development with possible pullback correction as price is dropped way below the lower Bollinger band level.
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.
No comments:
Post a Comment