Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer still rule.
Support : 2900, 2850, 2800 level.
Resistant : 3020, 3050, 3070 level.
Comment :
FCPO testing higher ground again recorded gain after yesterday profit taking decline with lesser volume transaction traded in tandem with a rebounding soy oil prices. Daily chart formed an up long lower shadow doji bar candle as market opened higher and testing 2900 support level and bounced upward closing right above upper Bollinger band. Reading wise, market still likely to trade upside biased with possible pullback correction.
When to buy : buy at support and 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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