Bollinger band reading : upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 2970, 2930, 2900 level.
Resistant : 3020, 3050, 3070 level.
Comment :
FCPO rallied breaking new high recorded substantial gains with sustaining volume transaction traded after both export cargo surveyor recorded improved export figures. Wide range up bar candle daily chart spike up after few days of correction marching toward upper Bollingner band resistant level with the reading turned to suggesting a further upside biased market development.
When to buy : buy at support and 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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