23/2/2012 ; 60 min chart ; 3272.

Broke down but made u-turn! May turn back to bullish if tonight's soya oil price gains.  Support ;3245, 3202, 3170. Resist; 3294, 3305, 3385. Range target; 3245 - 3355.

15 min chart;

22/2/2012 ; 60 min chart ; 3250.

Bearish - start of a correction. Recorded a new high of 3294 before 'water-falling', all in the last couple of hours. Broke down from the 'bearish flag' and turned bearish and closed at the lows of the day with a fairly higher volume. Support ; 3230, 3202, 3170. Resist; 3294, 3305. 3385.

22/1/2012 ; 60 min chart ; 3268. ( LATE REPORT)

Sideways  - still within 'bearish flag' even though not making new highs. Looks 'toppish' at the  moment but today's close may confirm. Support; 3255,3230, 3202. Resist; 3276, 3305. 3385. Range target ; 3240 - 3280. 

18/1/2012- 60 min chart ; 3245

Bullish - still within the 'bearish flag' charting a higher high of 3276 and a higher low albeit a lower volume. Open gap up but closed near the lows of the day. Market seems 'out of breath' at the closing after opening very strong. Support ; 3220, 3202, 3171. Resist; 3276, 3305, 3385. Range target; 3220 - 3310.

18/1/2012- 60 min chart ; 3242 ; revised chart

17/2/12 ; 60 min chart ; 3242

Still bullish but was stopped out. Price is still within 'bearish flag' . Charted a higher high and higher low. Support ; 3220, 3205, 3171. Resist ;3255, 3270, 3285. Range target ; 3220 - 3275.

17/2/12 ; 3189

60 min chart; Pullback but still within 'bearish flag'. As long as price is within flag, it's bullish. Support; 3171, 3142, 3118. Resist; 3213, 3244, 3270. Range target; 3180 - 3240

30 min chart.

Buy at 3186 on rebound after pullback and above moving averages.

16/2/2012 ; 60 min chart ; 3197

Bullish still. Even though closed lower, but recorded higher high and higher low. Price is still within the 'bearish flag' and above both moving averages.  Support ; 3171, 3142, 3118. Resist ; 3244,3270,3300. Range target ; 3194 - 3260. Upside target ; 3372.

15/2/2012; 60 min chart; 3205

Bullish- recorded a higher high and higher low and closed at high of the day with moderate volume. FCPO now forming a 'bearish flag' and as long as the price is within the flag it's bullish. If it breakdown its bearish. Support; 3171,3142, 3118. Resist; 3244, 3270,3300. Range target;3170-3245. Upside target; 3372.

2/2/2012; FCPO - 3056

Open higher but closed lower recorded a lower low of 3036 but a higher high with slightly higher volume. Market is still within the 'falling wedge'. Bearish if price within wedge or break down, bullish if break up. Support; 3020, 2980, 2914. Resist; 3110, 3146, 3190. Range target; 3025 - 3090.