Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : fall lower, seller testing market.
Support : 3300, 3270, 3250, 3200 level.
Resistance : 3350, 3420, 3450, 3470 level.
Comment :
3 week low FCPO closed recorded loss for the third day with lower volume changed hand as higher stock level still haunt market while soy oil overnight closed weaker and currently trading lower.
Technical reading suggesting a correction range bound little upside biased market development testing support and resistance level with MACD indicator having negative cross down today.
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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