Bollinger band reading : upside biased.
MACD Histrogram : resumed higher, buyer market.
Support : 3070, 3050, 3020 level.
Resistant : 3100, 3150, 3200 level.
Comment :
15 years low US Dollar triggered most commodities to rally breaking higher price including soy oil and crude oil lead FCPO to opened gap up and surged higher breaking 3 levels of resistant level closed recorded huge gain. Daily chart wise, Boliinger band continue to expand outward with today daily wide body doji bar candle ended near upper Bollinger band level. Reading wise, market still trading upside biased but nevertheless market may need to have some correction as price already extended about 180 points since last Wednesday.
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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