Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer holding on.
Support : 3750, 3720, 3700 level.
Resistance : 3770, 3800, 3870 level.
Comment :
FCPO rallied recorded significant gain with better volume changed hand despite weak export data released as tight supply concern due to weather factor plus soy oil and crude oil continue stand firmer.
Daily chart formed a wide range up bar candle closed right at upper Bollinger band resistant level with the band width about to turn outward suggesting a further upside biased market development testing higher resistant 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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