Bollinger band reading : upside biased with potential correction.
MACD Histrogram : rising, buyer turned crazy.
Support : 2720, 2700, 2670 level.
Resistant : 2750, 2800, 2830 level.
Comment :
Never look back FCPO record another gain with ultra super high volume today as buyer dominated market gathered encouragement from a higher soy oil and crude oil futures price plus a continuous weaker U.S. Dollar. The over extended surged daily chart shows price closed way way above upper Bollinger band and the outlook still calling for an upside biased 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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