Bollinger band reading : correction range bound upside biased.
MACD Histrogram : rising, buyer in control.
Support : 3800, 3770, 3750 level.
Resistance : 3870, 3920, 4000 level.
Comment :
Pullback correction FCPO closed the day recorded substantial loss down 2.06% with higher nearly double volume transacted as soy oil and crude oil futures prices continue to eased lower with US Dollar rebounding higher.
Daily chart formed a doji down bar candle corrected downward after price touched the upper Bollinger band resistant level yesterday suggesting a correction range bound upside biased market development.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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