Bollinger band reading : upside biased.
MACD Histrogram : recovering, seller closing position.
Support : 3350, 3300 3270 3100 level.
Resistant : 3420, 3450, 3470 level.
Comment :
Weather concern and anticipate of a better export data release tomorrow lead FCPO to rallied recorded substantial gain with higher volume transacted plus market participant focus on the 3 days Bali 6th Indonesia Palm Oil Conference starting from 1st Dec. Daily chart formed a wide range up bar candle rebounding from the middle Bollinger band support level as the reading suggesting further upside biased potential 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