Bollinger band reading : correction range bound upside biased.
MACD Histrogram : falling, buyer closing position as seller testing market.
Support : 3550, 3500, 3470 level.
Resistance : 3620, 3650, 3700 level.
Comment :
31 points range market FCPO continue to rebound firmer recorded gain with lower volume transacted as Indonesia raise Jan 2011 crude palm oil export tax to 20% vs 15% for Dec 2010 and a firmer soy oil and crude oil futures prices.
Daily chart formed a small body doji up bar candle positioned above middle Bollinger band support level with an unchanged correction range bound upside biased market reading rebounding upward testing higher resistance level.
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