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High Prices Capped Upside, Lower Stock Limited Downside FCPO
Crude Palm Oil Futures
High Prices Capped Upside, Lower Stock Limited Downside FCPO
By happytrading96
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Oct 28, 2021
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Oct 28, 2021
Palm oil prices remained strong due to rising in export demand while labor shortage, lower productions and inventories issues remained.
Palm oil market major trend remained UP.
However, near term likely to move within the range of 4950 (support) -5250 (resistance).
Strategies to apply:
Long when near Support level
Short when near Resistance level
With smallest stop loss apply until market break the ranging box.
Chart Patterns
fcpo
FCPO1!
fcpodaily
fcpotrader
Technical Indicators
Trend Analysis
happytrading96
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