Bollinger band reading : correction range bound upside biased.
MACD Histrogram : turned upward, buyer seems gathered confident to stay and seller leaving.
Support : 3620, 3550, 3500 level.
Resistance : 3650, 3700, 3720 level.
Comment :
FCPO closed recorded gain again with better volume traded as weather factor raise production concern while soy oil and crude oil futures price continue to surge higher ground.
Daily chart formed an up doji bar candle surging higher with the reading remained suggesting a correction range bound upside biased market development 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.
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