Bollinger band reading : correction range bound upside biased.
MACD Histogram : falling lower, buyer reducing exposure.
Support : 3470, 3450, 3420, 3380 level.
Resistance : 3500, 3550, 3620, 3650 level.
Comment :
FCPO closed recorded loss with reduce volume transacted. Soy oil price currently trading lower after overnight edge little higher while crude oil price currently trading little lower.
Fear of slowing down exports pressure price to come down with some partial roll over activities.
Daily chart study still calling a correction range bound 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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