20100928 1834 FCPO EOD Daily Chart Study.

FCPO closed : 2737, changed : +2 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer in control.
Support : 2720, 2700, 2670 level.
Resistant : 2750, 2770, 2800 level.
Comment :
FCPO edge up marginally traded in lower volume transaction after opened lower and recovered upward following a side way range bound traded soy oil futures price. Daily chart reading remained unchanged by suggesting a upside biased market development.
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.