Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer getting aggressive again.
Support : 2600, 2570, 2550 level.
Resistant : 2620, 2650, 2670 level.
Comment :
Higher volume, higher closed and higher indicators FCPO continue to move upward as buyer press the buy button after Reuters announced a poll suggesting a lower year low stock level on crude palm oil during the second half session. Daily chart shows strength with a bullish engulfing wide range up bar candle and the reading suggesting a upside biased potential market.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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