Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : getting lower, seller taking exposure
Support : 2520, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Recorded 5th day dropped FCPO ended lower in lesser volume traded following a continue weaker soy oil futures prices plus 2 cargo surveyors still recorded decline in export data. Daily chart formed and doji bar candle as market opened and tested lower and managed to closed below 2 levels of support below middle Bollinger band. Reading wise market still call for a range bound correction little upside biased market and the correction could possible test lower support near lower Bollinger band level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
No comments:
Post a Comment