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Palm Oil Marching towards 5220 ???
Crude Palm Oil Futures
Long
Palm Oil Marching towards 5220 ???
By happytrading96
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Nov 14, 2021
3
Cheer
Cheer
Nov 14, 2021
Palm oil bounced as bargain buying and persistent sentiment of tight supply moving into Nov and Dec.
Technical Views:
1. CPO prices landed at support level of 4500 and bounce
2. Uptrend Line Well holding
3. Stochastic maintain uptrend signal
In short, maintain ranging to uptrend view in coming week.
immediate support level 4500
immediate resistance level 5220
if unable to break resistance level, double top may form and led to another selling trend.
Good Luck and Happy Trading~
Cheers
Chart Patterns
fcpo
FCPO1!
fcpoweekly
Technical Indicators
palmoil
palmoilfutures
Trend Analysis
happytrading96
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