Bollinger band reading : pullback correction upside biased.
MACD Histrogram : falling lower, buyer reducing exposure.
Support : 3200, 3150, 3100, 3070 level.
Resistance : 3250, 3270, 3300, 3350 level.
Comment :
FCPO closed marginally lower with improved volume changed hand. Soy oil price currently swing betwwen gains and losses after overnight closed recorded loss while crude oil price currently falling lower.
FCPO price traded little lower as traders decided to close position maintain sideline ahead of tomorrow crucial palm oil conference outlook report.
Technicla study still suggesting a pullback correction upside biased market development testing support near middle Bollinger band 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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