20100913 1838 FCPO EOD Daily Chart Study.

FCPO closed : 2676, changed : +32 points, volume : lower.
Bollinger band reading : side way range bound little upside biased market.
MACD Histrogram : rising, buyer still in control.
Support : 2670, 250, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
Higher soy oil and crude oil futures prices due to a weaker US Dollar lead FCPO to opened and traded higher in moderate improved volume transaction. Daily chart formed a doji up bar candle tested support and resistant level with the reading suggesting a side way range bound little upside biased market testing higher resistant 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.