Futures Crude Palm Oil: Friday breakout to all time high?
A clear and simple early indication by a MACD cross and RSI crossing the oversold region when attempting a breakout. Maybe in a short term target FCPO can reach up to RM4800/metric tan in future time. However, the price must break the all time high resistance at RM4530 to continue bullish momentum in the super-cycle period.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.