60 min chart ; 3426

Bullish - Renewed strength with very high volume indicates correction is over and recorded a new higher high. Market has 'rebounded' after a 'pullback' gives opportunity to re-enter long position. The price has gone above all the Moving Averages. Support ; 3418 ,3383, 3359. Resistance ; 3464,3489 , 3532.

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