Bollinger band reading : side way downside biased.
MACD Histrogram : reversed upward, seller reduce exposure.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
Increasing volume and improved wider range FCPO ended the day on higher ground following a better soy oil and crude oil price development. Despite the daily chart reading showing a side way downside biased market, there is also a similar potential classic candlestick island reversal signal spotted right at support 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.
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