Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer in control.
Support : 3550, 3500, 3470 level.
Resistant : 3620, 3650, 3700 level.
Comment :
FCPO corrected lower recorded marginal loss with lower volume transacted as soy oil and crude oil traded lower due to a firmer U.S. Dollar. Daily chart formed a long lower shadow doji bar candle near upper Bollinger band level after market opened, tested lower and recovered upward to closed above opening price with the reading remained 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