Bollinger band reading : correction downside biased.
MACD Histrogram : getting higher, buyer taking exposure.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
5th consecutive up day FCPO continue to closed higher in diminishing volume transaction following crude oil and soy oil futures price development.
Daily chart wise, market successfully break and closed above another resistant level and the outlook still shows a correction downside biased reading.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target.
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