Sorry. Unable to upload latest FCPO chart at the moment.
FCPO closed : 3070, changed : +55 points, volume : higher.
Bollinger band reading : pullback correction downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 3050, 3020, 2970, 2930 level.
Resistance : 3070, 3100, 3150, 3200, 3250 level.
Comment :
FCPO closed recorded gains with better volume transacted while last Friday soy oil closed little higher and currently trading firmer.
Price traded higher after equity market recovered, better export data released by both export cargo surveyor and forecast of higher import from China and India.
Daily chart formed an up bar candle closed near middle Bollinger band level after market opened higher and swing upward towards the end before last minute eased little softer to closed near the high of the day.
Chart study suggesting still a pullback correction 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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