FCPO Crude Palm Oil
Bullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip, if the bearish candle goes down easily closing below its support area + with little effort in the volume, then you know that bearish is stronger than the bullish.
Again, nothing is clear now, Price is tight right now between various numbers of EMA. Waiting for the "kettle" to reach its final temperature before bursting out to the upside or downside.
If it goes up, we can see it will go up to 4300 area or even better, closing the gap.
If it goes down, I believe that it will still not going too far, probably will retest again at 4080 area, but hey, money is money.
Good Luck.
Again, nothing is clear now, Price is tight right now between various numbers of EMA. Waiting for the "kettle" to reach its final temperature before bursting out to the upside or downside.
If it goes up, we can see it will go up to 4300 area or even better, closing the gap.
If it goes down, I believe that it will still not going too far, probably will retest again at 4080 area, but hey, money is money.
Good Luck.
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