Bollinger band reading : side way range bound upside biased.
MACD Histrogram : recovering, buyer continue stay put.
Support : 3650, 3620, 3550 level.
Resistance : 3700, 3720, 3750 level.
Comment :
Low participation FCPO recorded small gain with quiet volume traded ahead of next Monday export data release after soy oil and crude oil futures price traded and closed for the holiday higher.
Another small body up doji bar candle day (the 5th continuous) edge up little higher a longer lower shadow while the Bollinger band width continue to turn inwards suggesting a 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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