Bollinger band reading : pullback correction little downside biased.
MACD Histrogram : fall lower, seller in control.
Support : 3250, 3200, 3150, 3100 level.
Resistance : 3270, 3300, 3350, 3420 level.
Comment :
39 points range market FCPO market closed recorded small loss with dropping volume exchanged ahead of tomorrow export data while overnight soy oil closed slightly lower and currently trading little higher.
Daily chart formed a small down doji bar candle closed above lower Bollinger band level after market opened 2 ticks lower, trading range bound tested support and resistance level and closed near opening price.
Chart reading still suggesting a pullback correction little downside biased market development 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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