FCPO closed : 2501, changed : +5 points, volume : higher.
Bollinger band reading : correction range bound little downside biased.
MACD Histogram : rising higher, buyer taking exposure.
Support : 2490, 2450, 2400, 2350 level.
Resistance : 2520, 2550, 2570, 2600 level.
Comment :
FCPO closed recorded marginal gain with slightly better volume transacted. Soy oil currently declining little lower after overnight closed recorded more than 2% gain while crude oil price registering small gain.
Price traded mostly in positive territory on possible flood concern and better exports prospect ahead of cargo surveyor exports figure.
Daily chart reading continue to calling a correction range bound little downside 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.
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