Bollinger band reading : pullback correction little upside biased.
MACD Histrogram : resume upward, buyer still in charge.
Support : 3150, 3100, 3070, 3050 level.
Resistance : 3200, 3250, 3270, 3300 level.
Comment :
FCPO closed recorded gain with declining volume transacted. Overnight soy oil closed recorded loss and currently rebounding higher while crude oil price trading between gains and losses.
Weather factor still influencing market to trade higher while awaits next Tuesday export data.
Daily chart formed a small up bar candle closed below upper Bollinger band level after market opened higher and moved side way within 25 points range bound market to closed near the high of the day.
Chart reading remained suggesting a pullback correction little upside 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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