Bollinger band reading : side way range bound upside biased.
MACD Histrogram : turned upward, seller realise profit and reducing position.
Support : 3270, 3200, 3150, 3100 level.
Resistant : 3300, 3350, 3420 level.
Comment :
FCPO rallied recorded gain with reducing volume changed hand after export data released continue to show demand for crude palm oil still holding strong. Daily chart formed a long lower shadow up doji bar candle resuming the uptrend movement closed above resistant turned support middle Bollinger ban level with the reading suggesting side way 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.
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