Palm Oil (FCPO1!) is expected to strengthen in the short term as part of wave b of wave (ii), with a potential test of the 4,525–4,771. However, caution is advised for a possible reversal toward the 4,235–3,973 range to complete wave c of (ii), as indicated by the black labels.
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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.