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 marginal loss with slower volume transacted after export data released showing decline but improved demand while soy oil and crude oil currently trading higher.
Daily chart formed a down doji bar candle closed above middle Bollinger band level after market opened and traded little higher before headed south tested below support level and recovered partial of intraday loss to closed off the low of the day.
Side way range bound market ahead 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.
No comments:
Post a Comment