Bollinger band reading : side way range bound upside biased.
MACD Histrogram : turned upward again, buyer defended well.
Support : 2700, 2670, 2650 level.
Resistant : 2720, 2750, 2770 level.
Comment :
FCPO recorded gained with improved volume transaction after Indonesia announced increased of export tax to 7.5% for the month of October 2010 plus a higher soy oil futures price.
Daily chart formed an up bar candle marching towards upper Bollinger band with the reading still suggesting a side way range bound upside biased market.
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