Bollinger band reading : downside biased.
MACD Histrogram : turned lower, seller still in control.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO continue to head south today with quiet volume traded. Daily chart reading still remained showing a downside biased market likely to develop in the near term but having said that soy oil futures price seems having some recovery.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with quick cut loss and profit target.
No comments:
Post a Comment