Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer position stay firm.
Support : 2720, 2700, 2670 level.
Resistant : 2750, 2770, 2800 level.
Comment :
Increased volume transaction FCPO closed higher after opened at the high of the day followed by some mild profit taking activities pulled market to test lower support and closed recover up slightly after both export cargo surveyor released improved export data. Daily chart formed a higher down bar candle closed near upper Bollinger band with the reading turned into suggesting a upside biased market development.
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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