Bollinger band reading : side way range bound.
MACD Histogram : falling, seller taking small exposure.
Support : 3020, 2970, 2950, 2920 level.
Resistance : 3050, 3070, 3100, 3150 level.
Comment :
FCPO closed recorded marginal loss with lesser volume transacted. Soy oil currently trading firmer after overnight closed recorded gain while crude oil price currently pullback lower after overnight surged.
Remained slow export data released by 2 cargo surveyors kept price closed in negative territory today with traders watching closely on U.S. drought development.
Technical chart reading remained suggesting a side way range bound 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.
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