Bollinger band reading : side way range bound upside biased.
MACD Histrogram : recovering, buyer returned for a match.
Support : 2720, 2700, 2670 level.
Resistant : 2750, 2770, 2800 level.
Comment :
Better volume transaction FCPO continue to surge upward recorded gain following a rebounding soy oil and other major commodities prices after Bank on Japan announcement of a lower interest rate plus weather concern. Daily chart formed an up bar candle reaching higher heading towards the upper Bollinger band resistant level with the reading turned into suggesting a side way range bound 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.
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