20130102 1801 FCPO EOD Daily Chart Study.

FCPO closed : 2503, changed : +65 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histogram : resume rising, buyer in control.
Support : 2490, 2450, 2400, 2350 level.
Resistance : 2520, 2550, 2570, 2600 level.
Comment :
FCPO closed rallied higher with improved volume distributed. Crude oil price continue to trade firmer.
FCPO daily chart reading suggesting an 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.