Bollinger band reading : side way range bound.
MACD Histrogram : recovering, seller lock in profit.
Support : 3720, 3700, 3650 level.
Resistance : 3750, 3800, 3850 level.
Comment :
FCPO continue to recover after recent fall recorded gain with higher volume changed hand ahead of tomorrow or Friday export data while soy oil futures price continue to trade firmer.
Daily chart formed a 42 points range up bar candle after market opened gap up and continue to surged higher to closed near the high of the day heading toward middle Bollinger band resistant level with an unchanged side way range bound market reading testing support and resistant level.
When to buy : buy at support or 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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