Bollinger band reading : correction downside biased.
MACD Histrogram : reversed upward, seller taking profit.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Rebound in soy oil and crude oil futures price lead FCPO to trade higher recovered all last Friday losses with lesser volume transacted. Daily chart shows that market is having pullback correction after severe sell down closed way below lower Bollinger band level and the outlook still showing a downside biased reading.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
No comments:
Post a Comment