Bollinger band reading : correction range bound upside biased.
MACD Histrogram : turned lower, buyer realising profit.
Support : 3020, 3000, 2970 level.
Resistant : 3050, 3070, 3100 level.
Comment :
Continue profit taking activities lead FCPO to slips lower with better volume transacted following lower soy oil futures price development plus a weaker crude oil futures price as US Dollar continue to trade firmer. Daily chart formed a long lower shadow doji bar candle closing the gap between last week Friday and Monday and recover upward closed off the low of the day with the reading still suggesting a correction range bound 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.
No comments:
Post a Comment