Bollinger band reading : correction range bound little downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 2520, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
FCPO continue to corrected higher after the recent plunge ended marginally higher in lesser volume changed hand following a continue soy oil price recovery. Daily chart wise, market still having a technical rebound potentially testing higher resistant level with the outlook still recording correction range bound little downside biased.
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.
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