Bollinger band reading : pullback correction upside biased.
MACD Histogram : turned downward, buyer taking profit.
Support : 3550, 3500, 3470, 3450 level.
Resistance : 3620, 3650, 3700, 3720 level.
Comment :
FCPO closed lower with improved volume transacted. Soy oil price currently trading little higher while crude oil price diving lower.
Price opened little higher and surge upwards hitting new 13 month high followed by profit taking activities pressed price to closed at the low of the day reducing exposure ahead of tomorrow MPOB and surveyor export data.
Daily chart revised to suggesting a pullback correction upside biased market development.
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.
No comments:
Post a Comment