Bollinger band reading : side way range bound.
MACD Histogram : weakening, buyer seller battling.
Support : 2970, 2950, 2920, 2900 level.
Resistance : 3020, 3050, 3070, 3100 level.
Comment :
FCPO closed recorded gains with improving volume transacted. Soy oil price currently trading higher after overnight closed declined lower while crude oil price currently surging higher after overnight slump.
Crude palm oil price trading higher ahead of next Monday export data and USDA tonight report as broad commodities price soars after positive development over EU summit meeting.
Daily chart reading revised to calling a side way range bound market development swing between 2930 and 3060 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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