FCPO closed : 3370, changed : +58 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : rising, buyer taking small position.
Support : 3350, 3300, 3270, 3250 level.
Resistance : 3420, 3450, 3470, 3500 level.
Comment :
FCPO closed recorded gains with higher volume changed hand ahead for next Monday export data after soy oil overnight closed recorded gains along with higher crude oil and grains base commodities prices.
Daily chart formed an up bar candle closed above middle Bollinger band level after market opened little higher and move upwards slowly to closed near the high of the day.
Chart reading wise, market still likely to move side way range bound testing support and resistance 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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